Silver News
Silver is a precious metal that recently experienced its strongest monthly price increase in seven months.
Precious metals face sharp price declines in 2023
Precious metals, including gold, silver, platinum, and palladium, have seen sharp price declines in 2023 due to geopolitical risks, rising bond yields, and a strong dollar influenced by the Federal Reserve's tight monetary policy.
UBS forecasts silver to hit $80 by September 2027
UBS forecasts silver prices will rise, predicting $70 per ounce by December 2026 and $80 by September 2027, driven by demand from AI and electric vehicles.
Silver Market Faces Sixth Year of Supply Deficit
Despite a significant drop in silver prices from their early-year peak, the global market continues to face a supply deficit. The Silver Institute forecasts that demand will exceed supply for the sixth consecutive year in 2026, with the shortfall potentially reaching 46.3 million ounces.
Silver is a precious metal that recently experienced its strongest monthly price increase in seven months.
