Experts Forecast Gold at $5,000 and Silver at $80 or Higher in 2026
By: Sultan
Category: Commodities & Futures
Published: Dec. 14, 2025 – 20:45
As financial institutions begin rolling out their forecasts for 2026, one of the most closely watched outlooks centers on gold and silver prices. Investors are increasingly asking whether the extraordinary momentum seen in precious metals can continue into next year.
Both metals are on track to close 2025 with historic gains, with 2025 shaping up as gold’s strongest year since 1979.
Record-Breaking Performance Raises Bubble Concerns
Gold has recorded nearly 50 all-time highs so far this year, trading near $4,300 per ounce ahead of the weekend. The yellow metal is up more than 65% year-to-date.
Silver’s performance has been even more dramatic. Although prices pulled back slightly from recent highs above $64.66 per ounce, silver has surged more than 6% this week alone and is up an extraordinary 115% in 2025, placing it firmly at record levels.
These explosive gains have sparked debate among analysts. The Bank for International Settlements (BIS) drew attention this week after publishing a report suggesting that both gold and equities are trading in “bubble territory.”
However, several analysts argue that even if precious metals are experiencing bubble-like conditions, that does not necessarily imply an imminent collapse. A growing view within the sector is that gold and silver may be overvalued, yet still underowned relative to global financial assets.
Analysts See Little Risk of a Precious Metals Crash
Market experts say it is difficult to envision a scenario that would trigger a sharp reversal in gold and silver prices. When asked about key factors that could burst a potential bubble, consensus responses pointed largely to “unlikely.”
Key Drivers Supporting Gold and Silver:
Interest Rates:
The U.S. Federal Reserve is widely expected to continue cutting interest rates in 2026, even as inflation remains persistent. Lower real yields reduce the opportunity cost of holding non-yielding assets like gold.
Economic Growth and Risk:
Economic and geopolitical uncertainty is expected to continue weighing on global GDP growth next year. While the rise of the AI-driven economy may support equity markets into 2026, growing risks in stocks are reinforcing gold’s appeal as a diversification hedge.
Underownership:
Despite record demand in 2025, gold still represents only a small fraction of total global financial assets. Analysts argue there remains significant room for institutional and retail investors to increase exposure.
Gold and Silver Price Targets for 2026
While no firm consensus has emerged, many analysts believe $5,000 per ounce for gold is a realistic target in 2026 if current macroeconomic conditions persist.
Silver forecasts are equally ambitious, with price targets ranging from $75 to $80 per ounce, and some analysts projecting levels as high as $100 should industrial demand and investment flows continue to accelerate.
⚠️ Important Disclaimer
This article is for informational and analytical purposes only and does not constitute financial or investment advice. Commodities markets are volatile, and readers should conduct their own research or consult a licensed financial professional before making any investment decisions.