OCBC: Silver Enters Structural Bull Market, Significantly Raises Q1 2026 Target Price to $117

Odaily News According to Christopher Wong, a foreign exchange strategist at OCBC Group Research, silver is entering a structural bull market in 2026, benefiting from multiple factors including resilient industrial demand. "Its price action validates our previous medium-term view—silver prices are rising as expected, supported by tightening physical supply, robust industrial demand, and a supportive macro environment," the strategist stated. He added, "The speed and magnitude of this rally have exceeded expectations, primarily driven by regulatory policy changes, persistently inelastic supply, and stronger-than-expected industrial demand momentum." OCBC has significantly raised its silver price forecast for the first quarter of 2026 from the previous $76 per ounce to $117 per ounce. (Jin10)