Bank of America sees silver prices rising to $40 by year-end

The current correction in the precious metals market is a result of easing geopolitical and trade tensions. However, as Francisco Blanche from Bank of America Securities believes, in the second half of 2025, gold and silver will continue to rise in price against the background of increased instability.

The expert particularly focused on the price dynamics of silver. Over the last few months, the pace of growth of the white metal's prices has lagged behind that of gold due to weak industrial demand. However, Blanche expects silver to reach $40 per ounce by the end of this year.

According to his estimates, the white metal may become one of the best options for investment, particularly due to additional demand for it from the manufacturing sector. Despite the restrained consumption of metal in the industry at the moment caused by trade tensions, Blanche expects a change in dynamics in the future with a corresponding increase in the price of silver.

The expert emphasized the significance of the solar energy industry and global electrification. Developments in said spheres, in his opinion, will eventually lead to a spike in demand for silver and support the white metal market.