Silver traded near 62.03 dollars per ounce in late June 2026, down roughly 42 percent from its January all-time high of 121.62 dollars. The steep correction has divided investor sentiment, with some viewing the pullback as a reset and others cautious about near-term direction.
Market fundamentals remain tight despite the price drop. The Silver Institute projects a supply shortfall in 2026, marking a sixth consecutive year in which demand exceeds supply. Physical investment has been a bright spot, with global coin and bar demand rising 14 percent in 2025 and momentum expected to continue. Industrial uses tied to data center electronics, electric vehicles, and automotive components have helped offset a retreat in solar-related demand that exceeded what many analysts expected at the start of the year.
Forecasts from major banks span a wide range. Citigroup set a target near 110 dollars per ounce for the second half of 2026, while Deutsche Bank pointed toward 100 dollars by year end. Commerzbank projected about 90 dollars by year end, and UBS took a more conservative view near 85 dollars. The spread reflects uncertainty over how industrial demand, investment flows, and monetary policy will balance through the rest of the year.
Silver mining shares have shown resilience through periodic volatility, supported by the persistent supply deficit and steady industrial demand. Junior silver companies in particular have drawn investor attention as catalyst-driven names within a market that analysts broadly describe as constructive heading into the second half.
Source: GoldSilver -- https://goldsilver.com/industry-news/article/silver-price-outlook-june-2026/