UBS Makes a Striking Prediction for Silver: It Could Reach $80 in 2027.
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5 Articles
Silver prices started the week lower, with markets focused on the Fed's September interest rate decision. UBS, while maintaining its price targets despite short-term volatility in the precious metal, predicted that the messages the Fed delivers, rather than the decision itself, will be decisive in determining the direction of silver.
While silver prices continue to fluctuate, Swiss banking giant UBS has made an ambitious prediction of $80, exciting investors.
Economy - Although silver prices have depreciated on a weekly basis, giant bank UBS has not changed its bullish outlook. While the Fed's interest rate decision and messages are expected, silver is forecast to see $80 by 2027.
Despite last week's decline in silver prices, UBS maintained its bullish outlook for the precious metal. The bank forecasts that the price per ounce could reach $80 by the fall of 2027, calculating that this level represents an increase of approximately 24 percent from the current price.
Silver prices ended a volatile week with losses, but UBS maintained its bullish outlook for the precious metal. The bank indicated a 24% upside potential for the price of silver per ounce, giving two target dates of $70 and $80.
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