Silver Price Forecast: AI Boom Puts $100 Back in Sight
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Key Points:
- AI data centers and energy storage strengthen the long-term silver demand outlook.
- The persistent supply deficit provides fundamental support for silver prices.
- A break above $72 could open the way toward $100.
Silver (XAG) has rebounded strongly in August, but the market remains uncertain after the sharp correction from the January peak. The growing investment in AI data centers, energy storage and power infrastructure creates a new source of industrial demand. A persistent supply deficit and stronger investment demand also support the long term outlook. The technical structure now depends on the $45-$55 support zone and potential breakout above $72.