Swiss Bank UBS Says Silver Is Headed To All-Time High

(MENAFN- Yolo Wire) Silver's price is currently hovering around $42 U.S. an ounce, a 14-year high. UBS sees more gains ahead as investors flock to precious metals amid geopolitical uncertainty.

Accordingly, UBS (NYSE: $UBS) has raised its forecasts for the price of %Silver (TVC: $SILVER) to $47 U.S. an ounce by mid-2026 on its way to an all-time high above $50 U.S.

"We flag that silver prices could reach an all-time high—a view that supports a long position in the metal," wrote the bank in a note to clients.

Silver's record high was reached in 1980, when the metal traded just below $50 U.S. an ounce.

UBS says that silver, which functions as both a precious and industrial metal, should continue benefitting from the same macroeconomic forces propelling gold's price to record highs.

Analysts at UBS say geopolitical tensions, U.S. fiscal deficits, slower economic growth around the world, and the prospect of Federal Reserve interest rate cuts should drive demand for silver.

The current demand is evidenced in silver-backed exchange-traded funds (ETFs) that have added 80 million ounces so far in 2025.

The prospect of lower interest rates, a weakening global economy, and rising fiscal deficits are keeping investors focused on safe haven assets such as precious metals, concludes UBS.

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