Citi Raises Silver Price Target to $150 as Prices Surge Beyond Forecasts

Major financial firm Citi has raised its silver price target to $150 per ounce, citing unexpectedly strong upward momentum as prices have climbed faster than previous forecasts anticipated.

This revised outlook reflects robust industrial demand, tightening supply dynamics, and renewed investor interest in precious metals as a hedge against inflation and market uncertainty. Analysts note that silver’s price strength demonstrates a broader commodities uptrend, with both industrial and investment drivers contributing to bullish sentiment. With the updated target, Citi’s projection underscores growing confidence in silver’s medium-to-long-term upside potential as global economic conditions continue to evolve.

Clever Robot News Desk 29^th January 2025