Silver’s Violent Swings Trigger UBS Warning as Crypto Markets Watch
Spot silver prices whipsawed this week with a 10% drop followed by a 2% rebound, settling at $73/oz amid futures trading 5% lower at $72.34. The metal logged 11 daily moves exceeding 5% since January—a volatility spike UBS analysts called 'risk-off panic' rather than fundamental collapse.
One-month silver contract volatility now exceeds 100%, prompting UBS to caution against near-term positions. 'Significant price swings are likely,' the bank warned, noting silver may struggle to hold above $85 without sustained investor inflows.
Longer-term, UBS maintains constructive outlooks citing 2026 economic recovery potential, dollar weakness, and a projected 300M oz annual supply deficit against 400M oz investment demand.