UBS raises silver prices forecast. Here's the new target

[johnsonsu]

UBS has revised its silver price forecasts upward, citing strong industrial demand and potential supply constraints. They now project silver to reach $34 per ounce by September, $36 per ounce by the end of 2024, and maintain that level through March 2025. Additionally, they introduced a new target of $38 per ounce by June 2025. This outlook is supported by increased industrial demand, particularly from the photovoltaic sector, and anticipated supply challenges, including mine shutdowns in Peru. UBS predicts a significant undersupply in the silver market for the year, contributing to further price appreciation.

 

[FranziskaSchulz]

So does that mean that we should be waiting for a bullish phase or bulls will have a bigger chance to win or what?

 

[timsk]

UBS has revised its silver price forecasts upward, citing strong industrial demand and potential supply constraints. They now project silver to reach $34 per ounce by September, $36 per ounce by the end of 2024, and maintain that level through March 2025. Additionally, they introduced a new target of $38 per ounce by June 2025. This outlook is supported by increased industrial demand, particularly from the photovoltaic sector, and anticipated supply challenges, including mine shutdowns in Peru. UBS predicts a significant undersupply in the silver market for the year, contributing to further price appreciation.

Link to your source please Johnsonsu!

 

[Rufus_Leakey]

Link to your source please Johnsonsu!

UBS raises silver prices forecast. Here's the new target By Investing.com

UBS raises silver prices forecast. Here's the new target

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