Silver Price Forecast: UBS Warns Rally May Be Overheating Above $100 | Metals Mine

  • Silver Price Forecast: UBS Warns Rally May Be Overheating Above $100

    From exchangerates.org.uk

    The silver price in US Dollars has surged to fresh record highs, with XAG/USD trading around $109 per ounce, as momentum-driven buying and a weaker US dollar continue to propel the market higher. UBS says the move above $100 reflects a powerful mix of investor demand for precious metals and tight physical conditions, particularly in Asia. Chinese silver prices are trading at a clear premium to London, a signal that near-term upside pressure remains in place despite already elevated levels. That said, UBS is increasingly cautious about chasing the rally. While momentum could yet carry prices higher in the short run, ... (full story)

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