Silver Price Predictions: Why Citi Analysts See Silver Prices Soaring to $90 Soon

Silver's (SIU26) journey this year has been anything but smooth. After being battered by bouts of war-driven volatility and sliding sharply from its January peak, the white metal has staged a comeback lately, gaining roughly 10% over the past month and 63% over the past 52 weeks.

But even after that impressive run, silver hit a small speed bump recently. Spot silver (SIY00) slipped 1.3% to below $64 after cooler-than-expected U.S. wholesale inflation pushed Treasury yields lower and eased expectations for a September Fed rate hike. Still, one downbeat session hardly changes the bigger picture.

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So, where does silver go from here? Citi thinks there's room for upside. The bank has kept its near-term target at $75 an ounce and sees silver reaching $90 within six to 12 months. And while some industrial demand, particularly from solar, may soften, Citi believes investment demand could increasingly take the driver's seat.

Let's see what exactly makes the bank this bullish on silver.

Silver wasted no time reminding investors that it rarely does anything quietly. After crossing the historic $50-an-ounce mark in October 2025 and breaking a 45-year-old record tied to the Hunt brothers' 1980 peak, the metal took its rally to another level. By Jan. 29, 2026, silver had soared past $121 an ounce, marking a fresh all-time high.

But what looked like a one-way rally soon turned into a painful reversal. Silver was cut in half from that peak, falling below $55 on July 17 to mark its year-to-date (YTD) low.

That, however, was hardly the end of the story. Silver began clawing its way back, although the recovery has been anything but smooth. The metal has repeatedly swung with changes in the dollar, interest-rate expectations, and geopolitical tensions, eventually climbing back above $64 recently.