Silver Prices Alert: Experts Warn of Sharp Decline After Record Surge

• Silver prices surged past $100 per ounce, but experts deem the rally speculative and warn of an inevitable correction.
• Bank of America strategist Michael Widmer believes the fair price for silver is around $60 per ounce, citing peaking solar demand and pressure on industrial demand.
• StoneX analyst Rhona O’Connell highlights the speculative nature of the rally, fueled by geopolitical tensions benefiting gold and silver's perceived low unit price.
• The narrowing gold-silver ratio (50 ounces of silver to 1 ounce of gold, down from 105 in April) signals an unbalanced, rapid performance by silver.
• A continuous supply deficit for the past five years, exacerbated by refining capacity issues and mining problems, contributes to current high prices.

Why It Matters: Experts warn of a sharp decline in silver prices due to speculative rally and unsustainable growth.