Silver Hong Kong market continues to perform strongly! Institutions are raising their target prices for 2026 one after another.

Precious Metals Enter a New Wave of Rally, Silver Performs Especially Remarkably

Since 2026, the precious metals market has been on an upward trend. Silver prices recently surged past $90/oz, hitting a record high; at the same time, gold also broke through $4600/oz, approaching its all-time high. In terms of gains, since the beginning of 2026, silver has risen a total of 24%, far exceeding gold’s 7% increase. Platinum and palladium have also increased by 13% and 15%, respectively.

Hong Kong, as an important trading hub for precious metals, has seen particularly notable performance in the silver market. Investors’ demand for precious metals as safe-haven assets continues to rise, driving this bull market.

Wall Street Institutions Reassess, Predicting Huge Upside Space

In response to the strong performance of silver in Hong Kong and global markets, many investment banks have adjusted their expectations. UBS significantly raised its average price forecast for silver in 2026 from $56/oz to $78.8/oz, and predicts that silver could rise to $100/oz, with an upside potential of about 11%. UBS pointed out that increased trading activity in the Chinese market is a key driver pushing up prices in Hong Kong and globally, and the unexpectedly high investor participation is amplifying the impact of market supply and demand tensions on spot prices.

Citi’s forecast is similarly optimistic, raising its silver target price from $62/oz to $100/oz. Citi’s analysis team believes that in the short term, physical shortages are unlikely to ease, and due to uncertainties in tariff policies, supply bottlenecks may further worsen, continuing to support the trend in the Hong Kong silver market.

Aggressive Analysts Offer Greater Imagination Space

Besides mainstream investment banks, some well-known analysts have made more aggressive predictions. Robert Kiyosaki, author of Rich Dad Poor Dad, and Jim Rickards, author of Currency Wars, both forecast that by 2026, silver prices could reach $200/oz.

U.S. banks are even more optimistic. Their latest research indicates that driven by the continued rise of gold, the prices of silver in Hong Kong and globally could climb to a broad range of $135–$309/oz in 2026, leaving investors with considerable imagination space.

Other Precious Metals Also Worth Watching

While silver has performed outstandingly, other precious metals have also seen institutional upward revisions. UBS raised its 2026 average platinum price from $1500/oz to $1925/oz, with a potential high of $2500/oz; palladium’s average price was raised from $1450/oz to $1670/oz, with a maximum of $2000/oz.

Regarding gold, Citi states that in a bull market scenario, gold prices could surge to $5000/oz in the next three months. JPMorgan believes that under ongoing trade uncertainties and geopolitical risks, the diversified allocation needs of central banks and investors will continue to push gold prices higher, with an expected price of $5000/oz in Q4 2026, and potentially even reaching $6000/oz in the long term.

Market Consensus Is Gradually Forming

Currently, major institutions from UBS, Citi, U.S. banks to JPMorgan are all raising their precious metals expectations, forming a clear bullish consensus. Market participants are generally optimistic about the prospects of the silver market in Hong Kong and globally, reflecting a re-pricing of risk assets and continued demand for safe-haven assets.