Silver’s Meteoric Rise: Analysts Predict $100 Price Target by 2026
Forget gold—the real precious metal play is heating up. Market watchers are placing their bets on silver, forecasting a staggering surge to triple digits within the next year. The call for a $100 price tag isn't just hopeful thinking; it's a calculated projection based on converging industrial and monetary demand.
The Dual-Thrust Engine
What's driving the frenzy? Two powerful forces. First, the global green energy transition guzzles silver for solar panels and electronics—a structural demand shift with no off-switch. Second, investors are piling in, treating the metal as a classic inflation hedge and a potential store of value outside traditional finance. It's a perfect storm of utility and speculation.
Timing the Ascent
The 2026 target isn't arbitrary. Analysts point to tightening supply against this rising demand, setting the stage for a classic supply squeeze. Market cycles and historical precedent suggest the coming months could see momentum build rapidly, pushing prices beyond recent resistance levels. The countdown to triple digits is officially on.
Of course, in the world of finance, a bold prediction often says more about the current mood than the future price—after all, if analysts could reliably predict $100 commodities, they'd be too busy on their yachts to tell you about it. But the thesis is clear: silver is positioned for a potentially explosive move. Whether it fulfills the prophecy or becomes another footnote in market hype remains the billion-dollar question.
Analysts eye $100 target as bull market just beginning
Williams first said silver WOULD hit $100 back in October when prices were near $50. He thought the metal would more than double by the end of 2026.
“With silver now trading above $60, up roughly 25% in a month, that trajectory remains firmly intact,” he said. “The silver supply/demand mismatch continues to boost the price of silver [and] the longer-term fundamentals underpinning the so-called Devil’s Metal are only strengthening. Any pullbacks are likely to be temporary pauses rather than a change in direction, given the structural tightness of the market. The outlook for silver in 2026 is bright.”
Philippe Gijsels serves as chief strategy officer at BNP Paribas Fortis. He also expects silver to keep climbing.
“When undervaluation, deficits as far as the eye can see and a new industrial revolution meet, market magic happens,” Gijsels said. “That is in a nutshell the story of silver in 2025.”
Gijsels thinks silver will reach triple digits during 2026, though he warns prices might swing wildly as some investors cash out along the way. He mentioned work he did with economist Koen De Leus on a 2023 book called “The New World Economy in 5 Trends.”
“It is clear that we are now in a secular bull market which could well lead us in the triple digits over the course of 2026 … This is not the end but the beginning of what could be a very nice story,” he said.
Silver vs gold performance (2025)
- Silver gain: +114.6% year-to-date
- Gold gain: +60% year-to-date
- Gold-Silver ratio: Currently at 68 (lowest since 2021)
- Historical average: 66 ounces of silver per ounce of gold
- Bull market target: Below 40
Silver has done better than gold this year, even though gold set its own records. Gold prices have risen by about 60% since January. The ratio showing how many silver ounces equal one gold ounce has dropped to around 68, the lowest point since 2021. This ratio peaked in April when President Donald TRUMP announced new tariffs.
Russ Mould works as investment director at AJ Bell. He told CNBC that silver still looks cheap next to gold. The average ratio since 1971 sits around 66. When silver rallies hard, that number can fall below 40, he noted.
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