UBS Remains Bullish On Silver Despite Price Decline

Banks love talking bullish while their trading desks short the futures into oblivion. UBS sees upside because industrial demand keeps growing while mine supply stays flat. The real story is what they're not saying - COMEX registered silver sits at multi-year lows while industrial users scramble for physical metal. Every price decline creates more industrial buying pressure. Solar panel demand alone could absorb half the annual mine supply by 2030. When banks start cheerleading silver publicly, it usually means they've finished accumulating their physical positions. The gold-silver ratio above 64 screams opportunity for stackers who understand supply fundamentals.