Investment Insights - Citigroup and UBS are bullish on silver, predicting it will rise to $100 per ounce in 2026, with Bank of America even suggesting a potential breakthrough of $300.
On January 14, the price of silver rose to $90 per ounce, setting a new historical high. Gold also climbed back to $4,600 per ounce, nearing its historical peak.
From the beginning of 2026 to date, the price of silver has increased by 24%, gold by 7%, platinum by 13%, and palladium by 15%.
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[Source: TradingView; Trends of silver, palladium, platinum, and gold in 2026]
Will silver prices continue to rise in the future?
UBS has significantly raised its silver price forecast, increasing the average price for silver in 2026 from $56 per ounce to $78.8 per ounce, predicting a peak of $100 per ounce, indicating an 11% upside potential for silver.
UBS stated that the surge in trading activity in the Chinese market has become a key factor in driving prices higher. The unexpected level of investor participation is amplifying the impact of market tensions on spot prices.
Citigroup has also raised its silver target price from $62 per ounce to $100 per ounce. It believes that the physical shortage issues facing the market in the short term are difficult to alleviate, and uncertainties related to tariff policies may exacerbate supply bottlenecks.
Some analysts are more aggressive. Robert Kiyosaki, author of &#34;Rich Dad Poor Dad,&#34; and Jim Rickards, author of &#34;Currency Wars,&#34; predict that silver prices could reach $200 per ounce by 2026.
Bank of America has an even more optimistic outlook, stating that as gold rises, silver prices could soar to a peak range of $135 to $309 per ounce in 2026.
How are other precious metals trending?
UBS has raised its price forecasts for platinum and palladium. It has increased the average price for platinum in 2026 from $1,500 per ounce to $1,925 per ounce, with a potential peak of $2,500 per ounce. The average price for palladium in 2026 has been raised from $1,450 per ounce to $1,670 per ounce, with a forecasted peak of $2,000 per ounce.
Citigroup has raised its gold target price, stating that in a bullish scenario, gold prices could surge to $5,000 per ounce within the next three months
JP Morgan believes that against the backdrop of ongoing trade uncertainties and geopolitical risks, the demand for diversified allocation from central banks and investors will continue to drive up gold prices. It is expected that gold prices will reach USD 5,000 per ounce by the fourth quarter of 2026, and in the long term, may even reach USD 6,000 per ounce

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Silver prices broke through USD 90 per ounce on January 14, setting a new historical high. Citigroup and UBS predict that silver prices will rise to USD 100 per ounce by 2026, while Bank of America even expects it could reach USD 300. UBS has raised its silver price forecast from USD 56 to USD 78.8, believing that trading activity in the Chinese market is a key factor driving prices higher. Price forecasts for other precious metals such as platinum and palladium have also been raised, with the gold target price expected to surge to USD 5,000 per ounce in a bullish scenario

- Citigroup and UBS are bullish on silver prices, predicting they could reach $100 per ounce in 2026, with Bank of America suggesting a potential for over $300.  
- As of January 14, silver prices have hit $90 per ounce, marking a historic high, while gold has risen to $4600 per ounce, close to its peak.  
- UBS has significantly revised its silver price forecast, indicating substantial increases due to a surge in market activity in China and ongoing supply constraints affecting prices of other precious metals.

mitrade

UBS Group AG

Silver prices have broken through $90, reaching a new high! Is it expected to rise to $300 by 2026?