Silver on the Edge: BOA Says Silver to $40 in 2025

BoA’s dual forecast of $40 silver and $4,000 gold

Silver’s Revenge

Yesterday Silver rallied over 4% in a move surprising many on the Wall Street side of the trading ledger. The proximate drivers were an escalation in the Ukraine war and the dashed hopes of China-US trade war reconciliation. In combination, they make Silver the perfect vehicle for hedging multi-pronged risks associated with those two events; specifically, safe haven needs arising from war and tariff resumption causing front-loading price spikes.

With yesterday’s price action in mind, we present Bank of America’s case for Silver to outperform gold going forward due to its dual nature