Silver Price Soars 20%, but Analysts See Correction Before $75 Target

Bank of America's analysts are predicting that silver will reach $75 in 2027, but they also see a significant correction before this happens.

The current price of silver is around $68.09, up almost 20% this month due to an extraordinary August recovery.

BofA's forecast shows silver at $60 in Q3 2026, $55 in Q4, $63 in Q1 2027, and $75 in both Q2 and Q3 2027, before easing to $65 in Q4 2027.

This means that the current price is already above BofA's remaining 2026 quarterly forecasts, indicating some cooling is built into the bank's path.