While some believe that the silver bull has plateaued, UBS predicts that the rally, which turned the precious metal into one of the hottest commodities in 2025, will continue.

In a recent report, the bank raised its price predictions for gold, which its analysts now believe might reach $5,000 by the end of Q1, and silver, predicted to rise to $85 during Q1.

Even as some see silver overbought, UBS analysts predict that the metal could reach triple digits for the first time in its trading history, supported by the same tailwinds enjoyed in 2025, including “sustained investment demand for precious metals.”

“The gold-silver ratio could drop to 30-50 (as in the 1970s-1980s), with silver price potentially reaching triple-digits,” the report states.

Furthermore, the report suggests that the Chinese export restrictions established recently have “exacerbated fears of shortages in an already global tight silver market.”

Commerzbank analysts also believe that the developing situation in Venezuela provided “tailwinds, leading to stronger demand for safe havens,” potentially pushing prices even higher in the medium term.

Other analysts predict that newfound factors, alongside the historic rising deficits and the headwinds of producing more silver in the medium term, might be catalysts for this upcoming move.

Recently, Jim Rickards stated that silver’s price move might be explosive, stressing that it might rise to $200 as banks continue to accumulate assets that cannot be confiscated due to fears of unilateral sanctions from the U.S. government.

Read more: Jim Rickards’ Explosive Predictions: Gold to $10,000, Silver to $200 in 2026

• What does UBS predict for silver prices in 2025?
  UBS analysts forecast that silver could reach $85 during Q1 2025, with the potential to hit triple digits for the first time in its history.
• How do UBS’s gold price predictions compare?
  The bank raised its gold price target, predicting it might reach $5,000 by the end of Q1 2025.
• What factors are driving these bullish predictions for silver?
  Increased investment demand and Chinese export restrictions are exacerbating fears of shortages in an already tight silver market.
• What are other analysts saying about the future of silver?
  Analysts believe that ongoing global issues, historic rising deficits, and the situation in Venezuela could further push silver prices higher, potentially reaching $200 by 2026.

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