UBS – Three-Digit Threshold Reached, Jan 2026
Silver prices have surpassed USD 100 per ounce, driven by strong demand for precious metals and US dollar weakness.
The report analyzes recent silver price movements, noting Chinese silver prices trade at a premium to London prices, and highlights potential short-term gains. It discusses the impact of high silver prices on industrial demand, especially solar panels, and compares momentum in silver prices to past crypto rallies while emphasizing fundamental differences. Historical volatility is noted, with potential sharp declines following rallies. Central bank policies differ from the 1980s, but investors seek real assets amid fiscal deficits and debt. Silver currently has increased purchasing power compared to a year ago, with forecasts indicating a potential decline in prices through 2026.
