Switzerland’s Largest Bank, UBS, Revises Silver Price Forecast, Anticipating Better Performance Than Gold
UBS, Switzerland’s largest bank, has updated its silver price forecasts, with strategists expecting higher performance in silver compared to gold. UBS strategists have raised their silver price forecasts, anticipating better performance in the near term than gold.
According to BloombergHT, the Swiss investment bank has increased its year-end price target for silver by 20% to $36, while also raising its average price expectation by 14% to $30.5.
The strategists stated, “Our new silver price expectations reflect better performance compared to gold. We believe that silver is well positioned to perform relatively well in an environment where gold prices are rising, the Fed is expected to loosen policy, and market supply and demand fundamentals are tightening.”
Source: Dunya.com / Prepared by Irem Yildiz
