Delegates at the LBMA's Global Precious Metals Conference forecast silver reaching about $94.70 per ounce within 12 months — nearly 55% above the $61.23 price when the October 6 Kitco report on the survey was published. The projection rests on sustained industrial and investment demand, from AI infrastructure and electric vehicles to solar cells, even as high prices push manufacturers to trim silver usage. The bullish view comes with a caveat: the outlook remains exposed to price volatility amid elevated interest rates and bond yields.
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