Silver (XAGUSD) has staged a historic rally this year with a 154% return, putting the precious metal on track for its best year since 1979. At the same time, silver has been plagued with volatility in recent days, leading investors to question whether the rally will continue next year.
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Two major factors that could benefit the price of silver are rising economic uncertainty and high inflation, according to Birch Gold Group financial market strategist Peter Reagan. That’s because silver is viewed as both a safe-haven asset and a store of value.
Wall Street’s 2026 Silver Price Targets
Several Wall Street firms published their 2026 silver price targets early in the fourth quarter and ahead of a blistering 46% rally that began in November. For starters, Bank of America said in October that it expects silver to reach $65 in 2026, fueled by a supply shortage and demand for its industrial applications.
In November, UBS forecast silver to reach $55 by the middle of 2026 with a possibility of reaching $60. Citigroup is the most bearish of the trio, warning in late October that the metal could fall to $42 on improving market conditions.
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