UBS resets silver price target for rest of 2026
View original at finance.yahoo.comUBS resets silver price target for rest of 2026 Silver hit an all-time high of $121.64 on January 29. By May 14, it was trading at $84, having briefly cleared $87 the day before on US-China tariff optimism before April CPI data pulled it back…
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UBS lowered its end-Q2 2026 silver price target from $100 to $85, end-Q3 from $95 to $85, year-end from $85 to $80, and March 2027 forecast from $85 to $75
60% confidenceThe easy part of the silver trade may already be over
60% confidenceSilver is expected to trade broadly sideways for the remainder of 2026
60% confidenceThe 2026 global silver supply deficit is estimated at 60-70 million ounces, down from a prior estimate of approximately 300 million ounces — an 80% reduction
60% confidenceThree demand headwinds — reduced photovoltaic demand, lower silverware and jewelry demand, and reduced investment demand — will reduce silver consumption by approximately 50 million ounces in 2026
60% confidenceFor 2026, weaker demand from photovoltaics is expected due to elevated prices
60% confidence