Silver Aims for All-Time High!

Major Multinational Banks Make the Call!

Major banks are raising their forecasts for silver prices, with expectations that silver will make new all-time highs!   

That would mean prices over $50 per ounce, a price silver has reached as far back as 1980, touched again in 2011, and flirted with in 2012.

A move well above $50 would be consistent with gold’s performance this year, in which it has set one new record after another.

UBS, the Swiss multinational investment bank, is calling for silver to rise to $44 by the end of this year, and $47 by mid-2026.

The bank’s strategists have issued a note to clients saying, “We flag that silver prices could reach an all-time high.” 

The strategists, Dominic Schnider and Wayne Gordon, point out that silver ETFs have surged by more than 20 million ounces in the current quarter alone, to 80 million ounces.  That’s impressive, but there is much more potential silver buying power as holdings are still 200 million ounces below the peak they reached during the pandemic in 2021.  

The UBS analysts also expect the gold/silver ratio to move to 80 to 1, indicating silver as outperforming gold.

Forces driving silver?  UBS highlights geopolitical tensions, US deficits, and Federal Reserve interest rate cuts.

Deutsche Bank, citing a fifth straight year of physical deficit with demand for silver outpacing supplies, raised its 2026 silver forecast to an average of $45 an ounce.  

Expecting central banks, especially China’s to continue gold buying, Deutsche Bank has also raised its 2026 gold forecast to $4,000.