The Mainstream Take: Don’t Touch Silver, But Gold’s Still a Buy Peter Kinsella, Global Head of FX Strategy at UBP, was recently interviewed by Bloomberg about the recent surge in silver prices — and he didn’t hold back. His comments come as silver has been ripping higher: in the first few weeks of 2026 alone, the metal has climbed more than 25% after already exploding roughly 140% in 2025, approaching multi-decade highs and reflecting both industrial demand and macro uncertainty. In that interview, Kinsella framed his views through the mainstream narrative of silver investing, arguing that the current price action is driven more by momentum than fundamentals. Here’s the core of what he said: Silver is up over 50–60% in…

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