Citi Anticipates Spot Silver Could Reach $150 Per Ounce in Three Months: Analysts Compare Precious Metal to 'Gold on Steroids'

Silver Price Forecast: Citi expects silver prices to continue performing well, with potential increases of 30% to 40% in the near term, and if the gold-to-silver ratio returns to its 2011 low, silver could reach prices between $160 and $170.

Market Dynamics: The strong demand for silver, particularly from China, is driving prices higher, despite traditional bearish signals such as ETF outflows and reduced speculative positioning in futures markets.

Recent Price Movements: Silver has seen significant gains, with a recent surge of over 13% to a record high of $117.75 before closing slightly higher at $108.3 per ounce, reflecting a volatile market environment.

Expert Opinions: Analysts express mixed views on the sustainability of current silver prices, with some warning of an impending economic crisis and others suggesting that the current rally is driven by speculative demand rather than fundamental factors.