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Solar Demand Sends Silver Prices Soaring Above J.P. Morgan's Revised Forecast

Guavy AI Editorial Team
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Silver
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J.P. Morgan recently cut its Q4 silver forecast from $90 to $63. This move has raised eyebrows in the market, as silver currently trades above this new target.

The reason behind this drastic revision was not due to Federal Reserve actions or monetary policy, but rather a significant increase in solar demand for the metal.

This surge in solar demand is expected to drive up consumption of silver by roughly 60 million ounces, exceeding the already projected deficit of 46.3 million ounces in 2026.

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