Precious metals bull market has not peaked! UBS boldly predicts: Silver may soar to three digits this year

Although silver has recorded significant gains in 2025, one of the world's largest wealth management institutions, UBS, predicts that silver will continue to rise in 2026. The bank's strategist predicts that the price of silver could soar to $85 per ounce in just three months, and even have the potential to reach triple digits within the year. While some market views believe that the silver bull market has reached a plateau, UBS judges that the momentum that propelled silver to become one of the hottest commodities in 2025 will continue. In a recent report, the bank also raised its price forecasts for gold and silver: its analysts currently believe that gold could touch $5,000 by the end of the first quarter, and silver is expected to rise to $85 in the first quarter. Despite some views pointing out that silver is already overbought, UBS analysts still predict that, supported by continued investment demand and other favorable factors similar to those in 2025, the price of silver is likely to break triple digits for the first time in its trading history. The report states: "The gold-silver ratio may decrease to 30-50 (as in the 1970s-1980s), and silver prices may reach triple digits." The report further points out that recent export restrictions implemented by China "exacerbate concerns about supply shortages in the already tense global silver market." Analysts from a German commercial bank also believe that the developments in Venezuela provide favorable conditions, driving up demand for safe-haven assets, and may further push prices higher in the medium term. Other analysts predict that new driving factors, combined with historical supply deficits and resistance to medium-term production increases, could be key catalysts for this round of the market. Recently, well-known analyst Jim Rickards asserted that silver prices could experience explosive growth, emphasizing that concerns about unilateral sanctions by the US government and banks continuing to accumulate assets that cannot be confiscated could drive silver prices up to $200.