UBS flags better buy levels as silver dips
The article discusses UBS's moves regarding silver prices, as the bank adjusted its attractive buying levels following a sharp decline in the metal's price from $76 per ounce to around $56 amid geopolitical tensions and rising oil prices. The bank explained that the current range now sits between $48 and $50 per ounce, with expectations of continued short-term price declines due to factors such as a strengthening US dollar and forecasts that interest rates will remain unchanged until the end of 2026. However, the bank anticipates that the temporary price drops will present investment opportunities, with projections of silver rising to $65 in September, then reaching $70 and $75 in the following months of 2027, benefiting from the increased appeal of silver relative to gold, which currently exceeds 70 times, with anticipation of surpassing an 80-fold ratio to further enhance its attractiveness.
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