Silver Price Forecast 2026: LBMA Analyst Consensus
Tracking the LBMA Annual Forecast Survey — silver analyst predictions, consensus analysis, and historical accuracy amid surging industrial demand from AI data centers and solar photovoltaics
Page reviewed: April 18, 2026 · Data as of: March 14, 2026 · 26 analysts · Source: LBMA Annual Forecast Survey 2026
QUICK ANSWER · AS OF March 14, 2026
What is the silver price forecast for 2026?
The 2026 LBMA silver price forecast consensus is $80/oz, based on 26 analyst predictions (range $44–$125). Silver's structural deficit — driven by AI data center demand and solar photovoltaic expansion — is widening analyst dispersion to 100/100.
Consensus
$80/oz
Range
$44–$125
Analysts
26 LBMA
Dispersion
100/100 (High)
Silver's dual identity — monetary safe-haven and industrial commodity — creates unique fragility. The 2026 forecast range of $81/oz reflects deep disagreement on whether AI and solar demand will overcome supply constraints.
CONSENSUS AVG
$80
USD/oz · 2026
FORECAST RANGE
$44–$125
26 analysts
DISPERSION SCORE
100/100
High dispersion
VS 2025 ACTUAL
+148.9%
consensus shift
LBMA Consensus 2026
$80/oz
Survey average · 26 analysts
Current Silver Price
See live silver spot price
Spot price · updates hourly via API
Consensus vs Spot
—
Forecast deviation
2025 actual: $40.03/oz (LBMA) · 2025 consensus was $31.96/oz · error: +25.3%
📊 Why Such a Wide Range?
Silver's 2026 LBMA forecast range of $44–$125/oz (26 analysts; consensus $80/oz, updated Mar 2026) reflects genuine analytical disagreement about silver's dual role as a monetary and industrial metal. The silver market faces a sixth consecutive annual structural deficit in 2026, driven by record industrial demand from solar photovoltaic manufacturing and AI data center infrastructure buildout. Bullish analysts cite accelerating silver demand from AI-driven compute expansion, global solar capacity additions exceeding 500 GW annually, and declining global silver inventories across LME, COMEX, and LBMA vaults. Cautious analysts point to potential industrial demand slowdowns, gold-silver ratio normalization, and delivery shortage risks. The Consensus Dispersion Score of 100/100 is among the highest recorded in LBMA survey history. See analyst accuracy rankings (2020–2025) and cite-ready references below.
CITATION SUMMARY · LBMA Annual Forecast Survey 2026 · AS OF 2026-03-14
The 2026 LBMA silver price forecast consensus is $80/oz from 26 analysts (range $44–$125). Consensus Dispersion Score: 100/100. Silver Structural Tension Index: 61/100 (ELEVATED). The LBMA survey measures calendar-year average price expectations, published annually each January.
SSTI 61/100 — Silver consensus $80/oz (26 analysts). Dispersion 100/100 (high).
Consensus
$80/oz
Dispersion
100/100
GSR Signal
14/100
2026 Forecast Distribution
2026 Forecast Distribution — 26 Analysts · Avg: $80 · SD: $20
Each point = one analyst · Dashed line = consensus average · Shaded band = ±1 standard deviation
Analyst Predictions
Our tracker includes silver price predictions from 26 analysts participating in the LBMA Annual Forecast Survey 2026, covering major institutions including TD Securities, Natixis, HSBC, UBS, Standard Chartered, MKS PAMP, CPM Group, and independent research firms. Each forecast represents the analyst's expected average silver price for the full calendar year, factoring in industrial demand from AI infrastructure, solar photovoltaic expansion, and the ongoing structural supply deficit documented by the Silver Institute.
| Analyst | Institution | 2026 Forecast | Range | vs Consensus | Sentiment |
|---|---|---|---|---|---|
| Bart Melek | TD Securities | $44 | $42–$86 | -44.4% | Cautious |
| Bernard Dahdah | Natixis | $52 | $45–$90 | -34.6% | Cautious |
| Jacob Smith | Mitsubishi Corporation | $61 | $46–$103 | -23.3% | Cautious |
| Frank Schallenberger | LBBW | $63 | $48–$92 | -20.6% | Cautious |
| Caroline Bain | Bain Commodities | $64 | $45–$85 | -20.2% | Cautious |
| Srivatsava Ganapathy | Eventell Global Advisory P Ltd. | $65 | $51–$105 | -18.9% | Cautious |
| Nicky Shiels | MKS PAMP SA | $65 | $60–$90 | -18.3% | Cautious |
| Rohit Savant | CPM Group LLC | $67 | $53–$96 | -15.5% | Cautious |
| Kieran Tompkins | Capital Economics | $68 | $50–$100 | -15.2% | Cautious |
| James Steel | HSBC | $68 | $58–$88 | -14.2% | Cautious |
| Debajit Saha | Metals Research, Refinitiv, an LSEG Business | $69 | $54–$108 | -13.3% | Cautious |
| Rhona O'Connell | StoneX Financial Ltd | $71 | $54–$95 | -11.2% | Cautious |
| Alexander Zumpfe | Heraeus Metals Germany GmbH & Co. KG | $75 | $55–$105 | -5.7% | Cautious |
| Joni Teves | UBS | $79 | $55–$100 | -1.0% | Moderate |
| Suki Cooper | Standard Chartered | $79 | $50–$105 | -0.7% | Moderate |
| Robin Bhar | Robin Bhar Metals Consulting | $80 | $50–$100 | +0.6% | Moderate |
| Kirill Kirilenko | CRU International | $83 | $70–$110 | +4.3% | Moderate |
| Philip Newman | Metals Focus | $83 | $60–$100 | +4.3% | Moderate |
| Emmanuel Munjeri | Bloomberg Intelligence | $83 | $67–$95 | +4.7% | Moderate |
| Renisha Chainani | Augmont | $85 | $69–$101 | +6.8% | Bullish |
| Keisuke (Bill) Okui | Sumitomo Corporation | $90 | $50–$120 | +13.1% | Bullish |
| Chantelle Schieven | Capitalight Research | $102 | $66–$145 | +27.6% | Ultra-Bullish |
| René Hochreiter | NOAH Capital Markets and Sieberana Research | $107 | $74–$120 | +34.5% | Ultra-Bullish |
| Bruce Ikemizu | Japan Bullion Market Association | $120 | $65–$160 | +50.8% | Ultra-Bullish |
| Ross Norman | CEO Metals Daily Ltd | $122 | $72–$165 | +53.3% | Ultra-Bullish |
| Julia Du | ICBC Standard Bank | $125 | $62–$150 | +57.1% | Ultra-Bullish |
No analysts match the current filters.
Bart Melek
TD Securities
2026 Forecast
$44/oz
Range: $42–$86
vs Consensus
-44.4%
Bernard Dahdah
Natixis
2026 Forecast
$52/oz
Range: $45–$90
vs Consensus
-34.6%
Jacob Smith
Mitsubishi Corporation
2026 Forecast
$61/oz
Range: $46–$103
vs Consensus
-23.3%
Frank Schallenberger
LBBW
2026 Forecast
$63/oz
Range: $48–$92
vs Consensus
-20.6%
Caroline Bain
Bain Commodities
2026 Forecast
$64/oz
Range: $45–$85
vs Consensus
-20.2%
Srivatsava Ganapathy
Eventell Global Advisory P Ltd.
2026 Forecast
$65/oz
Range: $51–$105
vs Consensus
-18.9%
Nicky Shiels
MKS PAMP SA
2026 Forecast
$65/oz
Range: $60–$90
vs Consensus
-18.3%
Rohit Savant
CPM Group LLC
2026 Forecast
$67/oz
Range: $53–$96
vs Consensus
-15.5%
Kieran Tompkins
Capital Economics
2026 Forecast
$68/oz
Range: $50–$100
vs Consensus
-15.2%
James Steel
HSBC
2026 Forecast
$68/oz
Range: $58–$88
vs Consensus
-14.2%
Debajit Saha
Metals Research, Refinitiv, an LSEG Business
2026 Forecast
$69/oz
Range: $54–$108
vs Consensus
-13.3%
Rhona O'Connell
StoneX Financial Ltd
2026 Forecast
$71/oz
Range: $54–$95
vs Consensus
-11.2%
Alexander Zumpfe
Heraeus Metals Germany GmbH & Co. KG
2026 Forecast
$75/oz
Range: $55–$105
vs Consensus
-5.7%
Joni Teves
UBS
2026 Forecast
$79/oz
Range: $55–$100
vs Consensus
-1.0%
Suki Cooper
Standard Chartered
2026 Forecast
$79/oz
Range: $50–$105
vs Consensus
-0.7%
Robin Bhar
Robin Bhar Metals Consulting
2026 Forecast
$80/oz
Range: $50–$100
vs Consensus
+0.6%
Kirill Kirilenko
CRU International
2026 Forecast
$83/oz
Range: $70–$110
vs Consensus
+4.3%
Philip Newman
Metals Focus
2026 Forecast
$83/oz
Range: $60–$100
vs Consensus
+4.3%
Emmanuel Munjeri
Bloomberg Intelligence
2026 Forecast
$83/oz
Range: $67–$95
vs Consensus
+4.7%
Renisha Chainani
Augmont
2026 Forecast
$85/oz
Range: $69–$101
vs Consensus
+6.8%
Keisuke (Bill) Okui
Sumitomo Corporation
2026 Forecast
$90/oz
Range: $50–$120
vs Consensus
+13.1%
Chantelle Schieven
Capitalight Research
2026 Forecast
$102/oz
Range: $66–$145
vs Consensus
+27.6%
René Hochreiter
NOAH Capital Markets and Sieberana Research
2026 Forecast
$107/oz
Range: $74–$120
vs Consensus
+34.5%
Bruce Ikemizu
Japan Bullion Market Association
2026 Forecast
$120/oz
Range: $65–$160
vs Consensus
+50.8%
Ross Norman
CEO Metals Daily Ltd
2026 Forecast
$122/oz
Range: $72–$165
vs Consensus
+53.3%
Julia Du
ICBC Standard Bank
2026 Forecast
$125/oz
Range: $62–$150
vs Consensus
+57.1%
No analysts match the current filters.
Consensus Analysis
The Consensus Dispersion Score is a silver market sentiment indicator measuring the level of agreement among professional LBMA forecasters. It is derived from the coefficient of variation across all 2026 forecasts. Silver historically shows higher dispersion than gold due to its sensitivity to both monetary policy and industrial demand factors — particularly the rapid growth of solar photovoltaic manufacturing and AI data center infrastructure, which have introduced new structural demand variables that analysts weigh differently.
Average
$80/oz
Median
$77/oz
Min
$44/oz
Max
$125/oz
Std Dev
$20
CV
+25.7%
Forecast Range
$44 – $125
Spread: $81
Distribution Skewness
0.79
Positive (more high forecasts)
Positive skew suggests more analysts cluster below the average.
Statistical Outliers
2
analysts >2σ from mean
Outliers are excluded from consensus average calculation.
Sentiment Distribution — 26 Analysts
Institutional Divergence
banks
$73
dealers
$72
independents
$85
Divergence between institution types may indicate differing analytical frameworks or information sets. This is an observational metric only.
Research Interpretation
A coefficient of variation of +25.7% indicates elevated forecast dispersion among 2026 LBMA survey participants. Historical data suggests CVs above 12% correlate with increased price volatility in subsequent months, though past patterns do not guarantee future outcomes. The positive skewness (0.79) reflects the distribution of analyst views relative to the consensus average.
Note: Consensus metrics are calculated from 26 analyst submissions to the LBMA Annual Forecast Survey 2026. Data source: LBMA.org.uk.
Consensus Dispersion Score Beta
100/100
High Dispersion
CV
25.7%
2026
where CV = Standard Deviation / Average
Significant divergence in analyst views. Consensus is fragile. When analyst predictions show this level of dispersion, historical data suggests elevated probability of consensus shifts following contradictory market signals. (Uncertainty: multiple factors influence outcomes beyond forecast dispersion.)
📐 This metric measures LBMA forecast dispersion only. It is one component of the Silver Structural Tension Index (SSTI), which combines 4 dimensions of silver market tension.
Historical Accuracy (2020–2025)
Consensus Forecast vs Actual Gold Price (2020–2025)
Blue bars = consensus average forecast · Orange bars = actual annual average price
Year-by-Year Accuracy Summary · Avg error: 11.2% across 6 years
| Year | Forecast Avg | Range | Actual | Error | Direction |
|---|---|---|---|---|---|
| 2020 | $18 | $16–$19 | $21 | 11.4% | ✓ |
| 2021 | $29 | $19–$47 | $25 | 13.4% | ✗ |
| 2022 | $24 | $20–$27 | $22 | 8.2% | ✗ |
| 2023 | $23 | $18–$25 | $23 | 0.7% | ✓ |
| 2024 | $24 | $23–$26 | $28 | 13.4% | ✓ |
| 2025 | $32 | $28–$35 | $40 | 20.4% | ✓ |
Error = |Forecast Average − Actual| / Actual × 100. Direction = whether consensus correctly predicted year-over-year price movement. Data source: LBMA Annual Forecast Survey.
Most Accurate LBMA Forecasters (2020–2025) · 10 analysts with 2+ years
| Rank | Analyst | Avg Error |
|---|---|---|
| 🥇 | Bart Melek | 5.8% |
| 🥈 | Joni Teves | 6.9% |
| 🥉 | Keisuke Okui | 7.8% |
| #4 | Jonathan Butler | 8.6% |
| #5 | Bhargava Vaidya | 9.3% |
| #6 | Suki Cooper | 9.5% |
| #7 | Robin Bhar | 10.2% |
| #8 | Alexander Zumpfe | 10.4% |
| #9 | Ross Norman | 11.0% |
| #10 | Carsten Fritsch | 11.4% |
Rankings include analysts who participated in 2+ LBMA surveys (2020–2025). Avg Error = mean absolute percentage error across participated years. Direction = percentage of years where forecast correctly predicted year-over-year movement. Rankings are for research purposes only and do not constitute endorsement.
LBMA Silver Forecast Survey Data
Analysis based on 26+ analyst forecasts · 2020–2026 · accuracy metrics computed by AhaSignals
- Consensus divergence analysis (CDI)
- Forecast accuracy rankings
- Dispersion score tracking
- Historical error analysis
- Institutional vs independent comparison
- Narrative cascade detection
Original Data Source
The raw forecast data is sourced from the LBMA Annual Precious Metals Forecast Survey, published each January by the London Bullion Market Association. For the original survey data, please visit the LBMA directly.
Visit LBMA Official Site ↗Get AhaSignals Analysis Updates
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April 2026 Silver Structural Correlation Audit
Silver's dual identity — monetary metal and industrial commodity — creates unique fragility dynamics in April 2026. As AI infrastructure demand and solar deployment accelerate, the Q2–Q3 transition amplifies structural tension across correlated macro signals.
GOLD
Gold Consensus 2026 — Ratio Signal
Gold consensus fragility directly impacts silver through the gold/silver ratio. In April 2026, widening gold analyst dispersion signals potential silver amplification with higher volatility.
RATES
Fed Rate Path — Silver Monetary Demand
Rate expectations shape silver's monetary demand channel. When FRFI signals elevated fragility in April 2026, silver's industrial-vs-monetary tension intensifies across the Q2–Q3 transition.
ENERGY
Treasury–Oil Crosswind — Industrial Demand Proxy
Energy-rate correlations in April 2026 serve as a leading indicator for silver's industrial demand trajectory. TOCI captures the crosswind between fiscal stress and energy-driven inflation.
FISCAL
Fiscal Fragility — De-dollarization Flows
Fiscal stress drives de-dollarization flows into precious metals. Silver benefits as both a monetary hedge and an industrial commodity in the energy transition during April 2026.
Last consensus audit performed on April 18, 2026. Correlation signals update with each tracker build cycle.
Related Trackers
Silver Industrial Demand Drivers: AI, Solar & the Structural Deficit
The 2026 silver price forecast is shaped by unprecedented industrial demand growth from two converging megatrends: the global AI infrastructure buildout and the accelerating solar photovoltaic energy transition. These structural demand drivers underpin the wide forecast range and high dispersion among LBMA analysts.
☀️ SOLAR PHOTOVOLTAIC DEMAND
Solar panel manufacturing consumes approximately 10–15 tonnes of silver per GW of installed capacity. With global solar installations projected to exceed 500 GW annually in 2026, photovoltaic silver demand could surpass 200 million ounces — representing over 20% of total annual mine supply. Next-generation heterojunction (HJT) and TOPCon cell architectures use even more silver per watt, amplifying this demand trajectory.
🤖 AI DATA CENTER DEMAND
AI data center expansion is driving new silver demand through high-performance computing interconnects, advanced semiconductor packaging, thermal interface materials, and power distribution systems. As hyperscale operators invest hundreds of billions in AI infrastructure, silver consumption from this sector is growing rapidly. Silver's superior electrical and thermal conductivity makes it irreplaceable in many high-performance computing applications.
📉 SIXTH CONSECUTIVE STRUCTURAL DEFICIT
According to the Silver Institute's World Silver Survey, the silver market faces a sixth consecutive annual structural deficit in 2026. Mine supply growth remains constrained by declining ore grades and limited new project development, while industrial demand from solar, AI, electronics, and automotive sectors continues to outpace supply. Global silver inventories across LME, COMEX, and LBMA vaults have fallen to multi-year lows, raising concerns about delivery shortages and a potential supply squeeze that could amplify price volatility.
For detailed analysis of silver's industrial demand dynamics, see our research article: Silver Industrial Deficit 2026: AI, Solar & the Liquidity Trap →
Silver Structural Tension Index (SSTI) Beta
Gold's fragility comes from consensus disagreement. Silver's fragility comes from something deeper — a structural identity crisis between its monetary soul and its industrial body. SSTI measures the tension between these two forces across 4 independent components.
Silver Structural Tension Index (SSTI)
BetaMeasures the structural tension between silver's monetary soul and industrial body. Higher = more tension.
61/100
ELEVATED
4/4 components live
Analyst Forecast Dispersion
30%100/100
Extreme analyst disagreement. Silver consensus is deeply fractured between industrial bulls and monetary bears.
LBMA Survey (26 analysts) · 2026-03-14
Industrial vs Monetary Tension
35%67/100
Elevated tension: 54% industrial share. Supply deficit amplifies the tug-of-war between monetary and industrial demand.
Silver Institute / World Silver Survey · 2026-01-01
Gold-Silver Ratio Signal
15%14/100
GSR at 59.7 — close to historical mean. Low ratio-driven tension.
XAU/XAG ratio · 2026-04-17
Smart Money Positioning (COT)
20%27/100
Moderate positioning. Speculative longs are below historical average — low crowding, but thin positioning can amplify moves on any narrative shift.
CFTC COT Report — Silver (SI) · 2026-02-17
How SSTI is calculated ▾
SSTI is a weighted average of 4 components, each scored 0-100 (higher = more tension). Unlike Gold's GFI which focuses on consensus disagreement, SSTI captures silver's unique structural identity crisis between its monetary and industrial roles.
Weights (v1.0.0-beta):
Analyst Forecast Dispersion: 30% × 100 = 30
Industrial vs Monetary Tension: 35% × 67 = 23
Gold-Silver Ratio Signal: 15% × 14 = 2
Smart Money Positioning (COT): 20% × 27 = 5
Composite: 61/100
The Duality Tension component (35% weight) is unique to silver. It peaks when industrial and investment demand are balanced (both competing for constrained supply) and a supply deficit exists. The Gold-Silver Ratio (15% weight) captures mean-reversion pressure from extreme ratio readings.
Methodology version: 1.0.0-beta. Weights and thresholds are versioned.
⚠️ SSTI Beta is for research and educational purposes only. It does not constitute investment advice. Component data has varying freshness (see individual timestamps). Not all tension dimensions are captured.
📊 Get Silver Structural Tension Index Updates
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Methodology
Data Sources ▾
Gold price forecast data is sourced from the LBMA (London Bullion Market Association) Annual Forecast Survey, published each January. The survey collects predictions from analysts at banks, dealers, and independent research firms. Historical actual prices are annual averages of the LBMA Gold Price AM/PM fix, sourced from LBMA historical data. AhaSignals is not affiliated with the LBMA and does not receive data directly from them; all data is collected from publicly available LBMA publications.
Consensus Metrics Calculation ▾
Consensus metrics are calculated from the set of analyst point forecasts for the current survey year. The average is the arithmetic mean of all submitted forecasts. The median is the middle value when forecasts are sorted. Standard deviation measures the spread of forecasts around the mean. The coefficient of variation (CV) is the standard deviation divided by the mean, expressed as a percentage — a scale-independent measure of relative dispersion. Outliers are defined as forecasts more than two standard deviations from the mean and are noted but not excluded from the primary consensus average.
Consensus Dispersion Score Formula ▾
The Consensus Dispersion Score is a simplified, normalized measure of forecast disagreement derived from the coefficient of variation:
Score = min(CV × 1000, 100)
where CV = Standard Deviation / Average.
This produces a 0–100 scale where higher values indicate greater analyst disagreement. Color zones: 0–40 (Low), 40–70 (Moderate), 70–100 (High). This metric is labeled "Beta" because it measures LBMA forecast dispersion only. The forthcoming Gold Fragility Index (GFI) will incorporate this as one of seven components.
Sentiment Classification ▾
Analyst sentiment is classified using relative deviation from the consensus average, making the classification scale-independent across different price levels:
- Ultra-Bullish: forecast > 15% above consensus average
- Bullish: forecast 5–15% above consensus average
- Moderate: forecast within ±5% of consensus average
- Cautious: forecast > 5% below consensus average
This relative approach ensures that a "Bullish" classification means the same thing whether gold is at $1,800 or $5,000 per ounce.
Historical Accuracy Methodology ▾
Analyst accuracy is measured as the absolute percentage error between the analyst's point forecast and the actual annual average gold price for that year. For analysts who participated in multiple years, the average absolute percentage error across all participated years is reported. Directional accuracy measures the percentage of years in which the analyst correctly predicted whether gold would rise or fall relative to the prior year's actual price. Rankings include only analysts who participated in two or more surveys to ensure statistical reliability.
Limitations & Disclaimers ▾
This analysis has several important limitations. First, the dataset covers 2020–2026 only; earlier years may be added in future updates. Second, analyst forecasts are point estimates submitted in January; many analysts also provide ranges, which are displayed where available. Third, the LBMA survey captures a specific subset of market participants and may not represent the full range of professional opinion. Fourth, historical accuracy rankings are based on a small number of observations (2–6 years per analyst) and should be interpreted with caution. Past accuracy does not predict future accuracy. This data is for research and educational purposes only and does not constitute investment advice.
Data version: 2.4 · Coverage: 2020–2026 · Source: LBMA Annual Forecast Survey · Last updated: April 2026 Our fragility scores are calculated using the open-source AhaSignals Protocol. View v1.0.0-beta Logic on GitHub ↗
Frequently Asked Questions
What is the LBMA silver price forecast for 2026? ▾
How accurate are LBMA silver forecasts historically? ▾
What does the silver Consensus Dispersion Score mean? ▾
Why is there such a wide range in silver forecasts for 2026? ▾
What is the LBMA Annual Forecast Survey for silver? ▾
What is the silver price outlook for 2026? ▾
How does the 2026 silver forecast compare to 2025? ▾
How does AI data center demand affect silver prices in 2026? ▾
What is the silver market structural deficit forecast for 2026? ▾
How does solar photovoltaic demand impact silver forecasts? ▾
What are global silver inventory levels at LME, COMEX, and LBMA in 2026? ▾
What is the Silver Structural Tension Index (SSTI)? ▾
How does the Silver Structural Tension Index (SSTI) differ from the Gold Fragility Index (GFI)? ▾
What is the gold-silver ratio in 2026? ▾
Is the gold-silver ratio a reliable indicator for silver investment? ▾
Cite This Data
AhaSignals. (2026). Silver Forecast Tracker 2026: LBMA Analyst Predictions & Accuracy Rankings. Retrieved March 14, 2026, from https://ahasignals.com/silver-forecast-tracker/
AhaSignals. "Silver Forecast Tracker 2026: LBMA Analyst Predictions & Accuracy Rankings." AhaSignals Consensus Labs, 2026, ahasignals.com/silver-forecast-tracker/. Accessed March 14, 2026.
AhaSignals. "Silver Forecast Tracker 2026: LBMA Analyst Predictions & Accuracy Rankings." Accessed March 14, 2026. https://ahasignals.com/silver-forecast-tracker/
@misc{ahasignals2026silverforecast,
title = {Silver Forecast Tracker 2026: LBMA Analyst Predictions \& Accuracy Rankings},
author = {AhaSignals},
year = {2026},
url = {https://ahasignals.com/silver-forecast-tracker/},
note = {Accessed March 14, 2026}
} Data source: LBMA Annual Forecast Survey. AhaSignals is not affiliated with the London Bullion Market Association. Please verify data accuracy before publication.
⚠️ Research & Educational Purposes Only
This data is for research and educational purposes only. It does not constitute investment advice, financial advice, or trading recommendations. Analyst forecasts are opinions and may not reflect actual future prices. Data source: LBMA Annual Forecast Survey. AhaSignals is not affiliated with the London Bullion Market Association.
IMPORTANT: LBMA SURVEY DATA vs LBMA SILVER PRICE BENCHMARK
This page displays data from the LBMA Annual Forecast Survey — a published collection of analyst price predictions compiled by the London Bullion Market Association each January. The LBMA Annual Forecast Survey is a publicly available research publication, distinct from the LBMA Silver Price benchmark.
The LBMA Silver Price is a regulated benchmark administered by ICE Benchmark Administration (IBA) and is subject to licensing requirements for redistribution. AhaSignals does not hold an IBA redistribution license and does not display, redistribute, or derive calculations from the LBMA Silver Price benchmark on this page.
All silver price references on this page refer to analyst forecast predictions from the LBMA Annual Forecast Survey, not to the LBMA Silver Price benchmark. Actual annual average prices used for accuracy calculations are derived from publicly available market data.
NO ENDORSEMENT
AhaSignals is not affiliated with, endorsed by, or sponsored by the London Bullion Market Association (LBMA), ICE Benchmark Administration (IBA), or any analyst or institution whose forecasts appear on this page. The inclusion of analyst names and forecasts from the LBMA Annual Forecast Survey does not imply endorsement.