# Silver has dropped more than 38% over the past three months, including a steep 20% fall in March alone.

*fintech · news · 2026-04-30 · Barchart*

## Key points

- Silver July 2026 futures are currently trading 42% below their January peak of $123.45.
- Bank of America has set a bull-case target of $309 for silver by 2026, quadrupling current prices.
- Fresnillo cut its 2026 silver production guidance, highlighting worsening supply shortages in the market.
- Since 2021, 762 million troy ounces have been pulled from above-ground stockpiles to meet demand.
- The gold-silver ratio remains stretched at 80:1, suggesting silver is historically undervalued versus gold.

**Companies:** Bank of America, Citi, Goldman Sachs, UBS, HSBC, Fresnillo
**Countries:** Iran, Qatar, United States, Mexico

[Read the full story on Barchart](https://www.barchart.com/story/news/1619161/silver-prices-have-pulled-back-but-bank-of-america-predicts-they-could-soar-to-309-before-the-end-of-2026-how)

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