UBS Revises Silver Price Forecasts Downward

UBS has revised its year-end silver price forecasts downward. The bank attributed this revision to a significant decline in investment and industrial demand. Silver prices have recently retreated due to both waning investor interest and weakening industrial usage. UBS analysts emphasized that the global economic slowdown is suppressing demand for silver. In particular, demand contraction in the electronics and solar energy sectors is negatively impacting industrial consumption of silver. Additionally, investors shifting toward alternative assets is creating downward pressure on silver prices. While the bank does not foresee any supply-side tightening in the silver market, it warned that weakening demand could further drag prices lower. UBS's revised year-end price target stands at lower levels compared to previous forecasts. This is not investment advice.