Gold, Silver Outlook: After Record Highs, Yellow And White Metals Crash Is Bull Run Over Or Just A Pause? What Investors Should Do Personal Finance

These differences reflect uncertainty around how quickly supply can respond to demand from sectors such as solar power and electrification, as well as how monetary policy and geopolitical developments evolve. As outlined in recent third-party research, projections for 2025–2026 range from low-$30s annual averages in survey data to bank scenarios in the mid-$50s to mid-$60s per ounce. He observed that ‘extremes in the gold-to-silver ratio imply that recent moves in silver could be approaching overstretched territory’, while also noting that, despite overbought readings, ‘momentum remains skewed to the upside’. Capital.com senior market analyst Kyle Rodda highlights that recent moves in silver have taken place against a backdrop of heightened volatility and relatively thin liquidity. Momentum built through 2025, with XAG/USD gradually rising from around $29 at the start of January to the mid-$30s by mid-year, before accelerating from late summer. The metal spent much of 2024 trading within a relatively contained $25–$32 range, with brief moves toward the low-$30s in October before ending the year just under $29 on 31 December 2024.

Strong Price Gains In Gold, Silver, On Safe-haven Demand

• You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
• Meanwhile, Silver (XAG/USD) extended its bullish momentum and is trading near the 74.00 level, posting strong gains of around 4.26%.
• Commentary summarised in a November 2025 precious-metals note adds that silver remains ‘driven by industry’, while flagging weaker global growth and policy uncertainty as potential constraints on further upside (GOLDINVEST, 3 November 2025).
• Periods of strong demand or supply constraints can coincide with sharp price increases, while changes in economic growth expectations, shifts in policy, or easing supply pressures may weigh on prices.

Get the latest financial news and personalised updates to stay ahead ofthe rest! After hitting record highs, gold and silver have sharply corrected. The price is still below a falling trendline from late January, so short-term pressure continues.

What’s Behind The Price Fall?

The price is still below a falling trendline from the January peak and under the 50-EMA near $4,950, which is acting as resistance. Recent candlesticks have small bodies and long wicks, which shows hesitation instead of strong selling. Gold (XAU/USD) is trading close to $4,840 on the 4-hour chart after it could not move back above $5,000. On the US front, the US dollar lost some of its round due to expectations of lower interest rates in the United States.

What Should Investors Do?

On pullbacks, the classic pivot at 70.52 forms initial support, followed by the 100-day SMA around 51.22 as a key underlying moving-average shelf. Predictions and third-party forecasts are inherently uncertain, as they cannot fully account for unexpected market developments. Why fixed deposit is a conservative investor’s choice? Get the latest Business News, Stock Markets, IPO Companies News, Breaking News Events on ET Now.

Silver is often viewed as both an industrial metal and a store of value, meaning its price can respond to economic growth trends as well as shifts in investor sentiment. He added that supply remains constrained, as silver is largely produced as a by-product of other metals, describing it as having a ‘very inelastic supply’ profile. Rodda explained that ‘silver’s outperformance comes with the additional influence of industrial demand and a growing supply deficit’, highlighting its use in electric vehicles, solar panels and emerging technologies. This shift has coincided with heightened volatility and broad gains across both gold and silver prices (KITCO, 6 January 2026).

What Is The Silver Price Forecast?

The bias would only change if the price breaks above the trendline, but that has not happened yet. The price is moving in a falling channel, not dropping sharply. The next downside targets are $64.40 and then $60.00, both matching earlier consolidation and demand.

More Price Gains In Gold, Silver; Charts Turn More Bullish

The bank references ongoing energy-transition demand, constrained mine supply, and a still-supportive real-rate environment as factors it expects to continue underpinning precious-metals prices into 2026 (Goldman Sachs, 18 December 2025). Analyst silver price predictions for 2026 span a wide range, reflecting differing assumptions around industrial demand, supply dynamics, and the broader precious-metals cycle. Periods of strong demand or supply constraints can coincide with sharp price increases, while changes in economic growth expectations, shifts in policy, or easing supply pressures may weigh on prices. Its price is influenced by a combination of factors, including industrial demand, investment flows, interest-rate expectations, and broader risk sentiment. Commenting on late-December price action, Rodda noted that ‘precious metal prices can swing in holiday-thin liquidity after hitting fresh record highs’, with silver briefly pushing to around $83 per ounce alongside record levels in gold. Sector round-ups report that Bank of America lifted its 2026 silver price outlook to a peak around $65 per ounce, with an average near $56.25, citing structural market deficits and strong industrial offtake.

• This matches the 38.2% Fibonacci retracement at $4,855 and the rising lower trendline from the late January low.
• Whether to gain exposure to silver depends on individual circumstances, objectives, and risk tolerance.
• Silver is trading below the 50-EMA near $90 and the 200-EMA around $92, which confirms a bearish setup.
• Therefore, these expectations became stronger after recent data showed that the US labor market is weakening.
• Technical factors, such as momentum indicators and key support or resistance levels, can also influence shorter-term moves.

Gold Price Outlook: Xau $4,840 Tests Key Support As Trendlines Converge

Gold (XAU/USD) managed to stop its bearish trend and gained strong Everestex review traction near the 4,840 level.

Capital Economics’ report, ‘Record-high metals prices to fall back in 2026’, states that record levels across several metals in 2025 are expected to give way to lower average prices in 2026, including for silver. The World Bank’s commodity projections indicate that precious-metals prices, including silver, are expected on average to ease modestly from 2025 into 2026 after sharp gains. Silver prices can move in either direction and are often more volatile than those of other precious metals. Silver price forecasts vary widely and depend on assumptions around industrial demand, supply conditions, and macroeconomic factors such as interest rates and currency trends. On Capital.com, you can trade silver CFDs, which allow you to speculate on price movements without owning the underlying metal.