Silver Eyed at $75 as Data Centers Face Hurdles
Bank of America's latest commodity table projects silver averaging $75 in mid-2027, even as local data-centre approvals face mounting pushback.
Updated on Nov. 7, 2026 in Data Centers
Silver rose 0.65% to $52.03 an ounce on Friday despite a technology sell-off. Bank of America's commodity table dated 5 November projects silver averaging $75 in the second and third quarters of 2027.
Why it matters
Construction restrictions on data centres could delay the equipment purchases that drive silver demand, making the projected price recovery harder to reach on schedule. Communities across the United States are pushing back over affordability and environmental concerns, and state and local governments have enacted measures to slow construction.
Bank of America's silver intensity estimates put hyperscale data centres at about 708,000 ounces per gigawatt, more than double the 318,000 ounces per gigawatt for traditional enterprise facilities. The bank's $75 quarterly projection is not yet tied to a stated share of demand from approved versus delayed projects.
The players
Bank of America
Bank of America is a major United States multinational investment bank and financial services company whose commodity research team publishes price forecasts for metals markets.
Silver Institute
The Silver Institute is an international association of silver producers, fabricators and other industry participants that publishes annual market surveys and analysis of global silver supply and demand.
The details
Friday's silver gain came after the price closed at $52.26 on Wednesday and $49.13 the previous Friday. Bank of America's analysis identifies planning and regulatory obstacles to data-centre projects as a risk to silver demand, and the bank's $75 projection was published before this week's technology sell-off.
Timeline
Silver Institute's April survey reported that industrial silver demand fell 3% in 2025.
Stephen Juneau argued on 3 November 2026 that state and local rules could slow investment.
Bank of America dated its commodity table on 5 November 2026, projecting $75 silver for Q2 and Q3 2027.
Under the Hood
The projected 2027 silver recovery reverses the 3% drop in industrial silver demand recorded by the Silver Institute in 2025. Bank of America's silver intensity figures show that hyperscale data-centre buildouts could reverse that decline, but only if approvals keep pace with construction plans.
Local data-centre restrictions could slow the construction projects that buy silver equipment, which may affect how quickly the metal's price moves in the coming quarters. Consumers and investors tracking silver should watch approval decisions in their own communities, since they shape the timing of demand.
The takeaway
Silver's 2027 price outlook depends on data-centre construction moving forward on schedule. Watching local approval decisions is a practical way to gauge whether that demand materializes.
Further reading
For more on the infrastructure side of this story, see Data Centers coverage.
Source note: This article includes information reported by Exchange Rates.
