Silver Falls from $121.64 ATH to $66–69 by June 10, Yet Banks Maintain $79–90 Year-End Forecasts

According to Investing.com and major bank forecasts, silver fell from an all-time high of $121.64 on January 29, 2026 to $66–69 by June 10, 2026, wiping out the year's gains. Despite the 43% drawdown, every major bank maintained or raised its 2026 average forecast: Reuters analyst poll averaged $79.50 per ounce, Bank of America raised its 2026 average to $85.93, J.P. Morgan models an $85 fourth-quarter high, and Commerzbank holds a $90 year-end target.

The structural support remains unchanged. The Silver Institute projects a 67-million-ounce deficit for 2026, marking the sixth consecutive annual shortfall. COMEX registered silver stood at 76 million ounces in late March 2026 against 576 million ounces of open interest—a 13.4% coverage ratio—with a single March delivery cycle absorbing 60.6% of deliverable stock.