UBS Sees Silver Reaching $70 by December, $80 by Next September

UBS has released its silver price prediction for 2026 and 2027. The bank expects silver to reach $70 by December this year before advancing to $75 in early 2027 and $80 next September. This forecast is slightly more conservative than UBS's previous predictions, which were trimmed due to the smaller deficit in demand.

UBS noted that the recent extreme volatility in silver prices has required caution, but the bank remains constructive on the metal's prospects over the forecast period. The support from gold prices and tighter near-term fundamentals is seen as a positive factor for silver.

The immediate direction of silver will depend heavily on US inflation and interest-rate expectations. Softer inflation would help silver challenge UBS's first $70 forecast, while a stronger reading could keep XAG/USD under pressure and delay the recovery towards $75 and $80.