Fitch research institute: The average silver price in 2026 may more than double year-on-year

Golden Ten Data reported on March 12 that BMI, a research institution under Fitch, expects the average silver price this year to be around $93/ounce. The agency attributes this to strong investment demand offsetting weakened demand in the solar panel and jewelry sectors due to price factors. BMI's forecast is far higher than the market's general expectation of $67/ounce for 2026. In contrast, the average silver price in 2025 is $40/ounce. BMI stated: "Although the recent physical tightness in the silver market has eased, we believe that even if the current Middle East conflict poses downside risks to industrial demand for silver, the broader bull market in precious metals will still provide temporary support for silver prices."