UBS Highlights Silver’s Growth Potential as Gold Becomes a Safe Haven
UBS believes silver is primed for growth, offering more than just a defensive hedge like gold. While gold has surged 35% this year, attracting investors seeking stability amid economic uncertainties. UBS sees silver benefiting from strong industrial demand and U.S. GDP growth.
Investment writer Julian Wee forecasts silver prices to reach $36-$38 per ounce by 2025, advising investors to consider silver for both defensive positioning and growth potential. With silver’s industrial uses in technology, electric vehicles, and medical devices, UBS anticipates it will outperform gold in the coming year as the gold-silver price ratio shifts.
Clever Robot News Desk 7th November 2024
