Commodities
Silver Price Targets $75 By Mid-2027, Despite Current Weakness
UBS has forecasted that the price of silver will rise to $75 by June 2027, despite the metal currently experiencing near-term pressure.
Silver extended its decline on Thursday, falling more than 3% to around $57.22 an ounce and trading close to the bottom of the day's range.
Since the start of 2026, silver has lost around 17% from its January peak above $120.
The bank's latest global forecasts put silver at $65 by September 2026, rising to $70 in December, $75 by March 2027 and remaining at that level in June 2027.