As 2025 prepares to close its financial books, speculation about the year ahead is already echoing loudly across global markets. Robert Kiyosaki, the well-known financial author of the bestselling book Rich Dad Poor Dad, has issued a striking forecast for silver, suggesting its price could surge to $200 an ounce in 2026.
Kiyosaki strongly warned against holding cash, arguing that it could lose a significant portion of its value amid rising inflationary pressures and growing global economic risks.
His comments followed silver’s recent record-breaking rally, as the white metal continues to register historic levels after surpassing the $70-per-ounce threshold for the first time ever.
Throughout 2025, silver is on track to record the largest annual gain in its history, posting an extraordinary rise of nearly 150% since the beginning of the year.
This exceptional performance has been driven by massive industrial demand and a chronic global supply deficit, placing silver at the top of this year’s most profitable assets.
More broadly, precious metals markets have undergone notable shifts in recent months as the global economy approaches a different monetary and financial phase. Price movements in gold and silver are no longer merely reflections of inflation or interest rate policy, but rather a mirror of deeper structural changes within the global financial system.
Against this backdrop, attention is once again turning toward 2026, as speculation intensifies over silver’s ability to extend its rally toward unprecedented levels, with growing talk of a potential move toward $200 an ounce.
These expectations are largely based on the likelihood that the structural factors behind silver’s explosive 2025 rally will persist and possibly intensify, which will be examined in detail in the following sections of this report.
Robert Kiyosaki’s Outlook
“Silver above $70… great news for investors and shocking for savers.” With these words, Robert Kiyosaki opened his posts on the X platform, commenting on silver’s move to historic levels.
Kiyosaki said that silver’s rise above $70 is great news for precious metals investors, but bad news for those who still believe saving cash is a safe way to protect wealth.
He renewed his warning about an upcoming inflationary wave that could erode purchasing power, especially that of the US dollar, saying he fears that silver reaching $70 is an early warning of hyperinflation over the next five years, alongside the continued erosion of the “fake dollar.”
In a direct call to shift toward real assets, the financial author added that investors should not side with the losers, arguing that while the dollar continues to lose purchasing power, silver could head toward levels approaching $200 an ounce by 2026.
These statements represent a form of validation for Kiyosaki’s earlier view, as he had predicted in recent months that silver would reach $70 before the end of 2025, a forecast that has now materialized.
Kiyosaki believes silver remains “the best investment opportunity of all time,” describing it as an ideal vehicle for wealth preservation and exceptional returns amid global economic disarray.
Price Overview
Silver managed to break a historic barrier last October, surpassing its previous record high of $49.76 an ounce, which was set in April 2011.
Since that breakout, the white metal entered a powerful rally that continued to post unprecedented record highs, culminating in an all-time peak of $72.71 an ounce during trading on Wednesday, December 24, 2025.
From the beginning of the year to date, silver prices have climbed by roughly 150%, putting the metal on track for its largest annual gain ever.
Bullish Drivers
While the world was watching gold reach new highs, silver delivered one of the biggest surprises of the year, generating gains that stunned markets. This price explosion was fueled by a combination of structural crises and investment opportunities that converged during 2025, restoring silver’s status as a strategic metal. Below are the key factors that made 2025 the year of silver.
Retail Investors
This year saw unprecedented demand from retail traders and individual investors for physical silver in the form of bars and coins.
This surge came after silver remained undervalued for a prolonged period relative to gold’s record-breaking advances, making silver bullion a more attractive and cost-effective option for investors seeking protection from the erosion of fiat currency purchasing power.
Strong Industrial Demand
Silver has cemented its role as a critical component in future technologies. Industrial demand reached historic highs in 2025 due to massive expansion in solar panel manufacturing and the electric vehicle sector.
This was compounded by silver’s essential role in artificial intelligence infrastructure, sectors that consume large quantities exceeding what is currently available in the market.
Global Supply Deficit
The supply crisis deepened as the market entered a fifth consecutive year of structural deficits. Declining output from major silver mines and depleted global inventories have made it impossible for supply to keep pace with surging demand, pushing prices toward unprecedented levels.
Global Monetary Policy Trends
The year 2025 marked a turning point in global monetary policy, as the Federal Reserve and major central banks continued implementing interest rate cuts.
This shift reduced the opportunity cost of holding precious metals, encouraging investment funds to inject substantial liquidity into gold and silver markets.
Additional Factors Supporting the Rally
Safe-haven demand intensified amid rising global political tensions throughout 2025, driving capital flows toward precious metals as protection against economic volatility.
The decline in the US dollar, driven by interest rate cuts, increased silver’s appeal to international buyers, as lower dollar prices boosted global demand.
Media-driven expectations and bold forecasts by prominent analysts also played a key role in attracting public attention to silver, transforming predictions into a self-reinforcing buying force before the end of the year.
Silver Outperforms Gold
Spot silver rose by about 150% this year, far exceeding gold’s gains of more than 70%, supported by strong investment demand, its inclusion on the US critical minerals list, and aggressive buying by major funds.
Views and Analysis
Suki Cooper, analyst at Standard Chartered, said that inflows into silver exchange-traded products exceeded 4,000 metric tons.
Analysts at Mitsubishi said that momentum and fundamentals support further gains, although elevated long positions and lower year-end liquidity could trigger volatility, as traders buy on dips while real yields remain low and physical supply constrained.
They added that silver is already in technically overbought territory, noting that it now takes just 64 ounces of silver to buy one ounce of gold, down from 105 ounces in April.
Rona O’Connell, analyst at StoneX, said that some traders will certainly focus on the gold-to-silver ratio, but beyond that, once current tensions ease, prices may decouple and silver is likely to underperform.
Zain Vawda, analyst at OANDA Market Pulse, said that expectations for interest rate cuts have increased following the latest US inflation and labor market data, supporting demand for precious metals.
Vawda added that safe-haven demand is also expected to remain strong amid Middle East tensions, uncertainty over a Russia-Ukraine peace deal, and recent US actions against Venezuelan oil tankers.
Bullish Outlook for 2026
Forecasts for 2026 vary among major financial institutions between cautious optimism and strong bullishness. While most do not go as far as Robert Kiyosaki’s $200 target, they broadly agree that silver is likely to remain on an upward trajectory. Below are some of the key institutional forecasts for silver in 2026.
Goldman Sachs
The bank’s analysts see silver as the primary strategic metal of the green transition and expect average prices in 2026 to range between $85 and $100 an ounce.
Their outlook is based on rising demand from artificial intelligence technologies and solar panels, with the bank arguing that the structural supply deficit will make sustained moves below $70 increasingly difficult.
UBS
The Swiss bank expects silver to continue outperforming gold in 2026, targeting levels around $95 an ounce.
This view is based on expectations that the Federal Reserve will continue cutting rates, weakening the dollar and encouraging large investment funds to increase their silver holdings.
Citi
Citi has raised its silver outlook, pointing to a potential move toward $110 an ounce in the second half of 2026.
The bank believes that explosive demand from the electric vehicle sector could exceed all prior estimates, potentially leading to an acute shortage of physical silver available for immediate delivery.
The Silver Institute
In its forward-looking report, the Silver Institute did not specify a price target but warned that the gap between supply and demand could reach critical levels in 2026.
It noted that prices above $120 an ounce may be required either to incentivize mine output growth or to encourage investors to sell holdings to meet industrial demand.
Commerzbank
The German bank adopts a more conservative stance, expecting prices to stabilize around $80 to $85 an ounce.
It cautioned that the rapid gains seen in 2025 could trigger widespread profit-taking early in 2026 before prices resume their upward trend.
