01-12-2026: March Silver (SIH26): : Administration Clashing with Fed Independence Supportive for Uncertainties |
Bullish Signals & Price Forecasts
Price expectations for 2026 vary widely, but many analysts see upside:
Some major banks consensus forecasts put average silver around ~$56$65/oz, with technical models pushing $72$88+ if trends continue.
→ Key Drivers
Demand side:
Industrial use (solar panels, EVs, electronics) accounts for a large and growing portion of global silver demand, supporting prices structurally.
Supply side:
Structural supply deficits have persisted for years, as mine output and investment supply struggle to keep up with consumption.
Macro influences:
Monetary policy shifts (interest rate expectations), currency moves (USD strength/weakness), and stock market risk sentiment can quickly swing silver prices.
Risks & Volatility
Silver is known for high price volatility:
Some analysts (e.g., Goldman Sachs) warn that extreme swings could continue, because physical inventories are unevenly distributed and liquidity is fragmented.
Scenarios for 2026
Bullish case
Continued deficits + strong industrial demand + safe-haven buying → $80$100+ (or even higher in extreme scenarios).
Bearish/Volatile
Moving Average Chart MA Conversion Diversion Chart
Intermarket Analysis
We fed Silver and Gold into a neural network to get the following result:
The way this is supposed to work is that bar-height indicates confidence level in predictions based upon data fed into a neural network. The taller the bars, the better the confidence level. What we see here is a succession of successful trades with the uptrend.
This system is designed to work much better with multiple related commodities in an intermarket analysis, which performs much better than with an intramarket analysis as was done in our previous article for gold by itself.
Point & Figure Chart
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Introduction
Market commentary and retail surveys show significant bullish sentiment, with many expecting prices above $100/oz this year.
Independent forecasts and press releases also speculate possible triple-digit targets, and even very bullish scenarios of ~$150/oz under strong demand/supply deficit conditions.
Recent price action supports this trend silver just hit new record highs (~$83$84/oz) amid safe-haven and industrial demand.
Safe-haven demand from geopolitical tensions and broader risk aversion is lifting precious metals generally.
Technicals and trader positioning may lead to sharp ups and downs not just a smooth bull run.
Broader commodities may see corrections if risk appetite fades or if indexes rebalance, which could weigh on silver too.
Base/Consolidation
Demand and supply roughly balanced, interest rates steady → $60$80 range.
Dollar strength, weak industrial data, or de-risking → prices could retrace toward $60 or lower at times.
Archive List
Trading in commodities involves substantial risk and past performance is no guarantee of future profits. Zenith does not sell advice nor does it manage discretionary accounts other than its own. Readers should be aware of the vested interest that all traders/brokers have in encouraging other traders to make the same transactions. No one should follow investment advice blindly. This web site should be used only as a "sounding board" for confirming one's own opinion. Any suggested order placements should be reviewed and reset to fit current market conditions by individual traders. Recommendations may include trades which have already been made on the same or a previous day. Commodity recommendations here are not tracked.
