UBS Cuts Silver Price Forecast: Bullish Scenario Weakens

UBS has revised its outlook for the silver market. The bank stated that the strong bullish scenario for silver prices has weakened due to declining investment demand, a drop in solar panel production, and increasing mine supply. Consequently, it has lowered its silver price forecast for 2026. Strategists emphasized that the upward trend in gold could create a 'protective floor' for silver. However, volatility in silver is expected to persist, with investors focusing on profiting from these fluctuations. UBS's revision points to a supply-demand imbalance in the silver market. While rising mine production and declining industrial demand put pressure on prices, the rise in gold prices is seen as potentially providing partial support for silver. This is not investment advice.

📊 SILVR — Piyasa Yorumu

▼ down · 60%

UBS's reduction in its silver price forecast could serve as a negative catalyst for SILVR shares. Although the RSI stands at 55, indicating a neutral zone in technical indicators, the MACD remains below the signal line, pointing to weakness. While the stock has risen 35.8% in the last 24 hours, this sudden surge may not offset the negative impact of the news. A short-term bearish trend may prevail, but trading above the SMA20 and SMA50 could prevent a full breakdown.

RSI 14

55.2

MACD

0.02

24h Δ

0.36%

Canlı Grafikler