UBS(US:UBS) Zhi Tong Cai Jing·2026-01-13 07:06Group 1 - UBS predicts that silver prices may rise to $85 per ounce within three months and could reach triple-digit historical highs within the year [1] - UBS has raised its price forecasts for both gold and silver, expecting gold to reach $5000 by the end of Q1 and silver to reach $85 [1] - Despite concerns of silver being overbought, UBS analysts believe that sustained investment demand will support silver prices, potentially leading to a historic breakthrough above $100 [1] Group 2 - The gold-silver ratio may decline to between 30-50, similar to the 1970-1980s period, with silver prices expected to reach triple digits [2] - Recent export restrictions from China have heightened concerns over supply shortages in the global silver market [2] - Analysts suggest that ongoing supply deficits and resistance to mid-term production increases could be key catalysts for the current silver market rally [2] - Jim Rickards asserts that silver prices could experience explosive growth, potentially reaching $200 due to concerns over unilateral U.S. sanctions and banks increasing holdings of non-seizable assets [2]