Recently, silver ended its early turmoil and came out of a round of clear rebound. However, on the 21st, spot silver fell below 66 US dollars/ounce in the intraday period, falling 0.41% during the day. Earlier, driven by the implementation of the Federal Reserve's interest rate hike and the fall in oil prices, the price of silver once rebounded from a low point of 62.97 US dollars/ounce to around 67 US dollars/ounce, from a low point of more than 6%. Citi reported a bullish report on September 20. It believes that the short-term silver price may rise to 75 US dollars/ounce, and can rise to about 90 US dollars/ounce in the next 6 to 12 months. It also expects silver to be more volatile than gold, and the potential for increase may be higher than gold. According to a report released by J.P. Morgan Chase on August 13, the price of silver is expected to reach 63 US dollars per ounce in the fourth quarter of 2026, the average price for the whole year is 70 US dollars/ounce, and 63 US dollars/ounce in 2027. Gregory Shearer, head of basic metals and precious metals strategy at J.P. Morgan Chase, said that demand for silver in the photovoltaic industry is likely to drop by about 30% year-on-year in 2026, a decrease of about 60 million ounces.

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