OCBC Bank: Silver enters a structural bull market, significantly raising the Q1 2026 target price to $117

OCBC Bank Group Research Department Foreign Exchange Strategist Christopher Wong pointed out in a research report that benefiting from multiple factors such as resilient industrial demand, silver entered a structural bull market in 2026. “Its price trend validates our previous medium-term judgment — with physical supply tightening, steady industrial demand, and macroeconomic support, silver prices are rising as expected,” said the strategist. He added, “The speed and magnitude of this round of gains have exceeded expectations, mainly driven by changes in regulatory policies, persistent supply shortages, and stronger-than-expected industrial demand momentum.” OCBC Bank has significantly raised its silver price forecast for Q1 2026 from the original $76/oz to $117/oz. (Jin10)