UBS Finds Better Buy Levels as Silver Drops
UBS has narrowed its attractive price range for buying silver from $55 down to $48–50 per ounce, following a decline in metal prices from $76 in June to around $56 in July. This fall was driven by tensions in the Middle East and rising oil prices, amid continued weak investment demand. Although short-term demand indicators remain stable, the bank expects market conditions to remain unappealing for long-term investment due to a strong dollar and the Federal Reserve's stance. The bank forecasts that the silver price will reach $65 by September 2026 and rise to $75 by mid-2027, with the gold-to-silver ratio continuing to draw attention.
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