UBS Gets Ready to Raise the Silver Roof
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Housekeeping: Good Morning.
“Comex is Dying”
Topic:
* UBS Gets Ready to Raise the Silver Roof
Market Analysis:
Silver has rallied 26% YTD, driven by demand for USD alternatives and cheaper precious metal exposure, UBS strategist and CIO reports. A breakout above $34.60/oz sparked fresh momentum interest, with ETF holdings and futures net longs both rising sharply. UBS expects silver to test $38–$40/oz in the coming months amid sustained deficits and a weaker dollar.
With industrial demand stable and…
The skinny
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