This Top Bank Projects Silver Will Get Back to $90 Within 12 Months

Silver is positioned for a potential rebound following a sharp decline from its January all-time high of over $121 per ounce. Trading around $63 per ounce, the precious metal has stabilized in recent weeks, prompting analysts at Citi to issue an optimistic projection. Citi forecasts that silver prices could reach $75 per ounce in the near term and climb to $90 within the next six to 12 months, citing favorable macroeconomic shifts. The anticipated upside is driven by expectations of a less hawkish Federal Reserve monetary policy and potential de-escalation in Middle East geopolitical tensions. A drop in energy prices could redirect capital from oil and gas equities back into precious metals. Citi also notes that silver's elevated volatility compared to gold gives it higher percentage upside potential. Investors looking for exposure can consider instruments like the iShares Silver Trust (SLV), which has declined 17% year-to-date but remains up 47% over the past 12 months, offering potential portfolio diversification and an inflation hedge.