Macquarie Forecasts Silver at $70 Per Ounce in Q4 2026, Falling to $65 by End of 2027

XAG1.74%
XAU1.63%
According to Macquarie on June 26, silver is forecast to trade at $70 per ounce in the fourth quarter of 2026, declining to $65 by the end of 2027. Price movements are now driven by macro factors, including elevated Federal Reserve rate hike expectations and inflation pressures, which will limit further upside. Higher inflation and bond yields will increase downward pressure. Macquarie noted that silver, having outperformed gold due to tight supply, low inventories, and strong demand, is more vulnerable to rapid corrections.
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