Silver price forecast remains positive amid short‑term dip

Investment banks see the silver market weakening in the near term but expect a positive outlook over the medium and long term. UBS lowered its recommended entry range to $48‑$50 per ounce, citing recent weak investor demand, a stronger U.S. dollar and restrictive Federal Reserve policy. The bank still projects a favourable trend, anticipating a possible Federal Reserve rate cut no earlier than December 2026, perhaps in early 2027. Demand growth is attributed to electric‑vehicle production, photovoltaic installations and AI data‑center expansion, while supply remains constrained because around 70 % of global silver is a by‑product of other metal mining. End‑of‑quarter figures from Endeavour Silver show production of 1.94 million ounces of silver and 10.5 thousand ounces of gold from its mines in Mexico and Peru.