Bank of America has recently predicted a new metal timeline for 2026. BofA strategists believe gold will continue to emerge as a hedge in 2026, with silver price being the ultimate head-turner, climbing new price pedestals ranging between $135 and $309 in the long run.
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Silver Price To Explode To $309: Details
As per Bank of America’s leading strategist Michael Widmer, claiming how silver may continue to surprise the markets in the near future. Per the BofA expert, the silver price may eventually climb to hit $135 to $309 as the world continues to restore capital into stable assets like gold and silver.
Explain the rationale behind this estimate. Widmer added how the silver price could soon overtake gold, as investors continue to dive into risky assets for a higher uptrend, a habit that eventually could offset silver.
“Widmer said silver may appeal more to investors willing to take higher risk for extra upside and noted that the current gold:silver ratio of around 59 suggests silver could still outperform gold. He cited the historical low ratio of 32 in 2011 as implying a silver price high of $135, while the 1980 low of 14 in the ratio suggests a silver price of $309 per ounce.” As shared by Kitco.
Other than that, BofA analysts are bullish on gold as well, adding how investors should at least have 20% gold allocation in their portfolios.
“When you run the analysis from 2020, you can actually justify that retail investors should have a gold share well above 20%,” he said. “You can even justify 30% at the moment.” Widmer shared
Ground Level Forecast By Other Experts’
According to Rashad Hajiyev, another notable metal expert, gold is very well on its way to hitting $5k in the near future.
“The Gold 5-hour chart results in another breakout after consolidation. The previous consolidation was the longest in duration since the present bull run started in 2023, lasting 4 months and resulting in a 30% gain. The most recent consolidation resolved after a month but did a full retest lasting overall 2.5 months. A 20% to 25% rally from the breakout point should take gold well above $5k…”
Hajiyev further shared how silver may also surge to deliver a breakout, eyeing $180 to $200 in the long run.
“I expect silver initially to run into a triple-digit area around $114 – 120, which is going to be a shocker for most. Senior silver miners SIL could push to the $115-120 level along with silver. Then I expect a scary pullback in silver back to under $100, which should take SIL lower for a retest of the 2011 high. If one survives said pullback, then they have a chance to ride the wave up to $200 plus in silver, SIL to $180 at least. This post is not investment advice…”
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