Analysts at HSBC raised their silver price forecast for 2025, 2026, and 2027, citing strong support from high gold prices and safe-haven demand due to plenty of geopolitical and economic uncertainty. The bank said this week it now sees silver prices averaging $35.14/oz in 2025, raised from its previous forecast for $30.28/oz; $33.96/oz in 2026, against an earlier forecast of $26.95/oz; and $31.79/oz in 2027, compared to its former outlook for $28.30/oz. While silver prices have surged 31% YTD, HSBC cautioned the rally is due "more to silver's relationship with gold than underlying fundamentals," with ... (full story)