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Peter Spina, CEO at GoldSeek.com, highlighted UBS's forecast that silver may reach fresh record prices in 2026. The commentary notes that as gold continues to achieve new highs, silver is also expected to follow and make new highs.
Spina said that prices can recover from current levels and may continue to set new records this year.
Earlier this year, Spina noted that silver prices were approaching the $80 per ounce level, highlighting momentum in the sector. He also reported that gold suffered a significant decline following a recent news event. These developments add context to his current outlook on further gains for both metals.