%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment British bank HSBC (NYSE: $HSBC ) has hiked its %Silver price forecasts for the next three years, citing growing safe-haven asset demand in the face of geopolitical and economic risks. Analysts at the bank now expect silver's price to reach $35.14 U.S. per ounce in 2025. The bank also lifted its price forecasts for 2026 and 2027 as uncertainty escalates. The analysts note that silver's price also continues to benefit from its close association with gold, saying that record-high gold prices are exerting a "strong gravitational pull" on silver. Gold's price is up 29% this year after hitting a record $3,500 U.S. per ounce in April with U.S. tariffs triggering a move into safe-haven assets. HSBC said that after four years of record-high growth, industrial demand for silver may edge lower this year, although any declines are likely to be limited. Demand for silver is likely to recover in 2026, driven by key sectors such as the %Photovoltaic (solar power) industry and electronics, alongside continued demand for safe-haven assets. On the supply side, silver mine output continues to rise at a modest pace, notes HSBC. The bank's supply-demand model projects a silver deficit of 206 million ounces in 2025, widening from a 167-million-ounce deficit in 2024. HSBC also said a weaker U.S. dollar is positive for silver, while ongoing debates over the future direction of interest rate cuts and central bank policies could also boost silver's price. The price of Silver (TVC: $SILVER ) has gained 40% over the past 12 months and currently trades at $39.09 U.S. per ounce.