Silver And Gold Forecast Ubs

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Silver And Gold Forecast Ubs

Silver And Gold Forecast For 2026

According to UBS, the gold longs will stay intact, while pullbacks are favored for Silver in 2026. A quick look at 2025 shows both of these precious metals reached new highs, and they are likely to repeat that bullish trend in 2026.

For now, Gold is still above $400,0, and the next possible target is $5000. Meanwhile, the Silver is under $100, but it could challenge that level if the conditions become ideal.

Gold Prices To Reach $5000

UBS added that geopolitical and economic uncertainty are two good reasons for these precious metals to move higher. On top of that, the US Dollar will weaken further, which will only help the Gold and Silver.

The bank added that demand for Gold will actually increase in 2026. The reason for this is the decline in the real yields and the growing concerns about the US fiscal sustainability. Also, there's no clear domestic policy direction, which also favors the Gold and will weaken the US Dollar.

UBS forecasted that the gold buying from the official sector will also stay strong this year. Both the sovereign wealth funds and central banks are expected to buy 950 tonnes of Gold in 2026.

All things considered, UBS has set a $5000 target price for Gold during Q1, Q2, and Q3 of 2026. By the end of the year, the prices will move back to $4800.

As for teh Silver, the market is still very tight, but the volatility is high. In 2025, the Silver prices surged higher and surprised everyone.

The increased Silver prices are due to ETF inflows and strong investment demand. But the most important catalyst was the physical shortage of Silver.

Also, the fears that export restrictions by China will further disrupt the supply chain are pushing prices higher.

Even now, there is a massive deficit in the Silver market, which is why UBS continues to recommend long Silver positions. They added that any pullbacks in the Silver prices should be viewed as buying opportunities.

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