<div id="readability-page-1">UBS turns cautious: UBS cut its 2026 silver price outlook, citing weaker photovoltaic demand, lower ETF holdings, and increased mine supply shrinking the deficit. Industrial uses expand: The Silver Institute reports solar PV panels could consume up to 125M oz in 2026, with industrial uses making up about 60% of global demand. Miners stay resilient: Companies like Avino Silver and Silvercorp posted strong earnings, showing operational strength even as silver prices face near-term pressure.</div>

希爾威金屬礦業

Avino金銀礦

實物白銀股票 ETF - ETFS

環球銀礦 MSCI ETF - iShares

白銀信託 ETF - iShares

SLVR

PSLV

白銀礦業股 ETF - GlobalX

2 倍做多白銀 ETF - ProShares

<p>瑞士銀行已下調其 2026 年銀價預期，原因是光伏需求疲軟、ETF 持有量減少以及礦山供應增加。銀業協會指出，太陽能光伏面板在 2026 年可能消耗高達 1.25 億盎司的銀，工業用途佔全球需求的 60%。儘管短期內價格面臨壓力，像 Avino Silver 和 Silvercorp 這樣的礦商報告了強勁的收益，展現了運營的韌性</p>

UBS trims silver outlook as 2026 supply deficit narrows

Sprott Silver Mnrs & Physical Silver ETF

Sprott PHYs Silver

瑞銀調整銀價預期，因 2026 年供應短缺有所縮小