Gold and silver are increasingly being positioned as strategic assets amid growing macroeconomic uncertainties and evolving monetary policy shifts. Analysts from major financial institutions and market forecasters have raised their expectations for both metals, with several projecting record highs by 2026. These forecasts are underpinned by ongoing geopolitical tensions, inflationary pressures, and the anticipated easing of monetary policy by central banks, particularly the U.S. Federal Reserve [3].
Institutional forecasts from key banks such as J.P. Morgan and Goldman Sachs reflect a strong bullish bias for gold. Natasha Kaneva, Head of Global Commodities Strategy at J.P. Morgan, emphasized a “continued structural bull case for gold” and raised price targets accordingly [2]. Goldman Sachs similarly increased its gold price projections, citing geopolitical tensions and economic instability as key drivers [4]. These adjustments signal a broader market reassessment of gold’s role as a store of value and a hedge against uncertainty.
Silver, often considered a junior partner to gold, is also expected to benefit from this trend. Longforecast.com predicts a peak of $46.70 per ounce by May 2026, with an average monthly price of $44.79 [1]. The gold-to-silver ratio has fallen to a one-month low, suggesting that both metals are gaining traction in investor portfolios [4]. Analysts have highlighted historical patterns where silver tends to outperform gold in the short term, and current conditions suggest a similar dynamic may unfold [5].
The anticipated rise in precious metal prices has begun to influence investment flows, particularly in exchange-traded funds (ETFs). While core cryptocurrency assets remain unaffected, asset managers are reportedly showing increased interest in gold and silver as part of diversified portfolios [2]. This trend is supported by early market performance in 2025, where silver gained 24.94% in the first half of the year and gold hit record highs above $3,000 per ounce [5].
Despite some short-term volatility, such as a drop in gold prices to around $3,365 on August 25, 2025, due to a stronger U.S. dollar [8], the broader trajectory remains upward. The Federal Reserve’s pivot toward easing, as signaled by Chair Jerome Powell at Jackson Hole, has reinforced this outlook. Analysts have since adjusted their price targets, with some raising gold forecasts by as much as $200 to $3,700 [3].
While tokenized gold, such as PAXG, has shown minimal movement, the overall market for physical gold and silver is experiencing heightened activity. Strategic investors are paying close attention, as these commodities are increasingly viewed as critical components of a resilient portfolio in an uncertain economic climate [2].
Source:
[1] SILVER PRICE FORECAST 2025, 2026, 2027 AND 2028, longforecast.com, https://longforecast.com/silver-price-today-forecast-2017-2018-2019-2020-2021-ounce-gram
[2] Gold and Silver Expected to Reach New Highs by 2026, CoinMarketCap, https://coinmarketcap.com/community/articles/68abcf4a2739ae5d5e53ec98/
[3] Powell’s Green Light and Harvard’s Historic Move Propel…, NAI500, https://nai500.com/blog/2025/08/powells-green-light-and-harvards-historic-move-propel-gold-rally/
[4] Gold and Silver Rally as the FED Pivots to Easing, Gold Bullion Australia, https://www.goldbullionaustralia.com.au/blog/educational-articles/gold-and-silver-rally-as-the-fed-pivots-to-easing/
[5] The Silver Bull Market: A Strategic Analysis for Natural…, Crux Investor, https://www.cruxinvestor.com/posts/the-silver-bull-market-a-strategic-analysis-for-natural-resource-investors
[8] Gold Price Forecast: XAU/USD drifts lower to …, Mitrade, https://www.mitrade.com/insights/news/live-news/article-2-1065143-20250825