New Route for Silver Prices and UBS's $80 Expectation
While silver prices started the new week at $63.86, UBS announced a target of $70 for December 2026 and $80 for September 2027.
After a volatile week, silver prices entered the new week at the $63.86 level, while gram silver is trading at 100.12 TL. Markets are focused on Fed decisions.
Current Status of Silver Prices
After a volatile week, silver prices started the new week at $63.86, while the gram price of silver is trading at 100.12 TL. The precious metal rose 1.64 percent on Friday to reach $64.48 per ounce.
Weekly Losses and UBS Targets
Friday's rise was not enough to compensate for the losses experienced the previous day, and silver declined by 2.6 percent on a weekly basis. Despite the volatility in prices, UBS has not changed its expectations for silver and announced a $70 forecast for December 2026.
Future Price Projections
According to UBS's forecast, the ounce silver price will reach $75 in March and June 2027, and $80 in September 2027. The $70 target set for the end of the year is approximately 8.6 percent above current levels.
September 2027 Upside Potential
The bank's September 2027 target of $80 points to an upside potential of approximately 24 percent compared to the current price. In terms of short-term direction, the focus of the markets is on the US Federal Reserve's meeting.
Fed Meeting and Expectations
Regarding the short-term direction of silver, the markets are focusing on the US Federal Reserve meeting scheduled for September 15-16. UBS expects the Fed to implement a 25 basis point interest rate hike.
Interest Rate Decisions and the Course of the Dollar
It is evaluated that the most important factor for precious metals will be the messages to be given following the decision. The bank does not expect the Fed to make a hawkish rate hike to an extent that would provide broad and strong support for the dollar.