HSBC lifts silver forecast but warns of limited upside
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HSBC has raised its average silver price forecast for 2026 to $75 per ounce but anticipates year-end prices to dip below current levels. The global silver deficit is expected to decrease from 143 million ounces in 2025 to 73 million in 2026, which may limit long-term price support. This outlook contrasts with UBS's bearish stance, indicating a divide among analysts regarding future market conditions.
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