$SLV 20260211 84.0 CALL$ still playing with the volatility of silver
$5400, 5800, or Beyond $6000: Would You Reload Gold?
After retreating from $5,600 highs, ANZ now lifts its Q2 2026 gold target to $5,800, arguing the pullback may attract fresh inflows. Unlike 1980 or 2013, analysts see structural drivers — central bank diversification, dollar skepticism, geopolitical stress, and policy uncertainty — underpinning demand.
ANZ says gold’s strategic “insurance” bid remains intact. Meanwhile, silver is expected to track gold but underperform, with the gold-silver ratio reverting toward 70:1.
With Goldman at $5,400 and UBS/JPM near $6,200–$6,300 — is this consolidation, not a top?
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Comments
Analyst Targets: While specific SLV targets are scarce, the prevailing analyst view on silver has shifted from euphoria to caution post-crash, with many awaiting confirmation of a bottom formation.
Weekly Outlook: Expect consolidation between $68.5 - $71.5. A sustained break above $71.25 could target a move toward $73. Failure to hold $68.86 may lead to a retest of recent lows near $67.73.