Christopher Wong, FX strategist at OCBC Group Research, noted in a research report that silver is poised for a structural bull market in 2026, benefiting from multiple factors including resilient industrial demand. “Its price action validates our previous medium-term assessment – silver prices rose as expected, supported by tight physical supply, robust industrial demand, and a favorable macroeconomic environment,” the strategist stated. He added, “The speed and magnitude of this rally exceeded expectations, primarily driven by changes in regulatory policy, continued supply inelasticity, and stronger-than-expected industrial demand.” OCBC has significantly raised its Q1 2026 silver price forecast from $76/oz to $117/oz. (Jinshi)