Silver prices are tarnished but not forgotten. Why HSBC thinks gains in white metal may be limited?

Silver prices are tarnished but not forgotten. Why HSBC thinks gains in white metal may be limited?

Silver prices have plunged nearly 60% from their January record high, but HSBC expects limited gains ahead. The bank sees prices consolidating and edging higher in 2027, supported by gold, while rising mine output, recycling supply, weaker industrial demand, a firm US dollar and elevated yields could cap rallies.

Silver Prices May Gain Support from Investor Demand, but Strong US Dollar Could Limit Rallies: HSBC

New Delhi, October 26, 2026 (Yes Punjab News) Silver prices are trading near equilibrium levels and could receive support from a recovery in investor demand, but any rally is likely to be constrained by a strong US dollar and rising supply, according to a report by HSBC Global Investment Research. The report said the silver […]

Silver likely to see upside from near-equilibrium levels, rallies capped by firm USD

Digital Desk | New Delhi, Oct 26 (IANS) Silver prices are near equilibrium levels and may receive support from recovering investor demand, but rallies are likely to be capped by a firm US dollar and rising supply, a report said on Monday. The report from HSBC Global Investment Research said the silver market recorded a deficit of 140 million ounces in 2025. It forecasted that the shortfall will narrow sharply to 5 million ounces in 2026 before…