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UBS Likes The Silver (More Than They Admit)

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Housekeeping: Good Morning. Look for part 2 of the Dave Kranzler/ Eric Yeung interview on GoldFix later today

“I told you, man, I told you,..but you wouldn't listen, well, you stupid f—, look at you now.”

—A. Montana,Arbitrage

Today

* Discussion: UBS Likes The Silver…

* Premium: More Than They Admit.

Discussion:

UBS Likes The Silver More Than They Admit

* UBS sets a 1Q26 silver price target at USD 38/oz, extending 2H25 forecasts, and suggests selling downside risk for yield. Not for the faint of heart

*…

The skinny

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