Silver Price Projections 2026 Based on J.P. Morgan Outlook

Jakarta, Pintu News – The silver market (Silver/XAG/USD) remains in the limelight for investors on February 13, 2026 after J.P. Morgan Global Research forecast a strong outlook for the white metal throughout 2026.

These commodity prices are influenced by a combination of industry demand, global risk sentiment, and macro market dynamics, including US dollar strength and interest rate policy. The following analysis summarizes J.P. Morgan’s price projections, global demand dynamics, and short-term movement scenarios relevant to traders and investors.

1. J.P. Morgan Silver Price Projections in 2026

J.P. Morgan Global Research forecasts that silver prices will average around USD81 per ounce in 2026, more than double the previous year’s average. This projection follows significant gains throughout 2025, where silver prices rose more than 130 percent from around USD29 per ounce into much higher price territory. This reflects strong demand fundamentals as well as silver’s role in the industrial sector and as a safe-haven commodity when market volatility increases.

This average target indicates the confidence of major investment banks in the metal’s prospects, although the projections are subject to a number of global conditions, including industry demand trends, trade policies, as well as macroeconomic dynamics.

Also Read: Tokenized Commodities Surpass $6 Billion: What Does It Mean for Crypto Markets?

2. Fundamental Factors: Industry Demand & Macro Risks

Silver demand comes largely from the industrial sector, including solar energy, electronics, and electric vehicles, which drives the need for this white metal in modern technological applications. These industrial demand characteristics provide a strong medium-term fundamental basis, in contrast to gold which is more influenced by its traditional safe-haven function.

However, silver price volatility tends to be sharper than other precious metals as silver is not only seen as a hedge but also as an industrial commodity. Macroeconomic uncertainties such as the strength of the US dollar, interest rate expectations and global market rotations can affect the short-term price direction.

3. XAG/USD Price Movement Scenario Today

Bullish Scenario:
If key economic data such as US inflation or jobless claims show signs of softening, risk sentiment may shift to commodity assets, including silver. Under these conditions, increased safe-haven demand could prompt a price rebound to the range of USD83-USD88 per ounce, breaking the short-term technical resistance level.

Bearish Scenario:
Conversely, if the US dollar strengthens significantly or economic data supports further interest rate hikes, selling pressure may intensify and push silver prices down below USD75-USD78 per ounce. This movement could be triggered by profit-taking or capital shifting to other asset classes such as bonds or more liquid tech stocks.

Short-term trends such as price corrections may occur as markets reassess global risk and interest rate expectations, as well as capital rotation from commodities to other financial instruments.

4. Risk & Uncertainty According to Analysts

While J.P. Morgan’s average projection points to upside potential, some analysts highlight the risk of high volatility. A former head of commodity strategy at the bank even warned that silver prices could experience a sharp decline if the current market push is not backed by strong fundamentals. This signals that the silver market remains vulnerable to corrective pressures especially if previous price rises were driven more by speculation than real industrial needs.

Factors such as temporary production surpluses, changes in industrial demand, as well as the strengthening of the US dollar may become obstacles to the long-term bullish trend. Investors need to consider these risk scenarios in their investment strategies.

5. Implications for Traders & Investors

For short-term traders, monitoring support and resistance levels as well as the latest economic data releases is key to making the right entry and exit decisions. Risk management strategies such as the use of stop-losses are highly recommended given the volatility of the silver market.

Medium to long-term investors may consider positions based on fundamental projections, especially if industrial demand remains strong and the global trend towards renewable energy use continues to accelerate. Portfolio diversification remains important to reduce the risk of volatility in silver prices.

Also Read: 7 Reasons Silver Demand Remains Strong in 2026: Market Deficit & Investment Rising

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Tokenized Silver ETF (SLVon) as an Alternative Commodity Asset in the Crypto Ecosystem

The tokenized Silver ETF (SLVon) is a digital token issued by Ondo Global Markets and designed to follow the price movements of the iShares Silver Trust (SLV), the world’s largest silver ETF managed by BlackRock.

Each SLVon has the equivalent value of an SLV share (1:1), so its price moves up and down according to the global silver price in troy ounces. Through SLVon, investors can gain exposure to the silver market on-chain in the form of an easily accessible digital asset.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• J.P. Morgan Global Research. How will silver prices fare in 2026? Accessed February 13, 2026.