13 June 2024
Bank of America forecasts a bullish outlook for silver prices, predicting an increase to an average of $35/oz by 2026 due to expected cessation of central bank rate hikes and rising investment in precious metals. Despite current price strength, further growth is anticipated, driven by positive trends in the gold market. However, pure silver mining equities are hard to find as silver is often mined alongside other metals. BofA recommends Pan American Silver and Wheaton Precious Metals for North American investors seeking silver exposure.