[Citigroup Raises Silver Target Price to $150/oz] BlockBeats News, January 27, Citigroup has raised the target price of silver from $100 per ounce to $150 per ounce, citing strong speculative demand and tightening physical supply outside the United States. However, it also warned that short-term profit-taking by Chinese investors may put pressure on prices. After silver futures surged above $115 per ounce on Monday, they have now dropped by 5.7%.