Finance
HSBC raises 2025 average silver price forecast to $38.56 per ounce
Published by Global Banking and Finance Review
Posted on October 8, 2025
1 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on October 8, 2025
1 min readLast updated: January 21, 2026
HSBC has increased its 2025 silver price forecast to $38.56 per ounce, citing high gold prices and renewed investor demand. The bank also predicts a wide price range for the coming years.
(Reuters) -HSBC on Wednesday raised its average silver price forecasts for 2025 to $38.56 per ounce from $35.14 citing expectations for high gold prices, renewed investor demand, and anticipated volatile trading.
The bank also raised its forecast for 2026 to $44.50 from $33.96 earlier and $40 from $31.79 for 2027.
"We look for a wide $45.00-53.00/oz range for the remainder of 2025 and a wide $40.00-55.00/oz range next year with the highs likely coming in 1H’26 followed by moderating and falling prices in 2H'26 as London inventories build, gold prices are expected to moderate and greater physical supply is mobilized," HSBC added.
(Reporting by Anmol Choubey in Bengaluru)
Investor demand refers to the desire of investors to purchase a particular asset, which can influence its price and market trends.
A trading range is the price range within which an asset, such as silver, is expected to trade over a specific period, indicating potential support and resistance levels.
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