Bank of America now sees $65 silver, as price spike reduces London market to a ‘state of seizure.’

1. Bank of America predicts silver will reach $65 per ounce by 2026. 2. Physical demand exceeds supply; analysts expect a persistent price spike. 3. Silver's market faces severe supply constraints, causing significant backwardation. 4. Current silver prices are impacted by high industrial demand and inflation hedges. 5. Backwardation indicates spot prices are higher than futures, signaling supply shortages.