Silver Is Down 17% in a Month. Here's My Prediction for What's Ahead for the Precious Metal. - Yahoo Finance

AI desk brief

Silver has fallen 17% in the past month to about $54/oz after a record $121.67/oz high on Jan. 29, 2026, with the pullback tied to higher U.S. rates, a stronger dollar and softer industrial demand. The article argues the metal’s long-term setup is still constructive because silver remains both a precious and industrial metal, but it faces a near-term squeeze from elevated yields and weaker spending by solar manufacturers.

Silver Institute/Metals Focus are cited forecasting the market deficit widening from 40.3 million oz in 2025 to 46.3 million oz in 2026, the sixth straight year of short supply. JPMorgan’s year-end target is $63/oz and UBS sees $70/oz, with the article saying a renewed Fed pause/cut cycle and easing inflation would be the main catalyst for a rebound.