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

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.

Silver Price Forecast: Third-party Outlook

• Predictions and third-party forecasts are inherently uncertain, as they cannot fully account for unexpected market developments.
• As with all markets, price behaviour may remain sensitive to shifts in liquidity, macroeconomic developments and broader risk sentiment.
• It’s also important to note that forecasts are estimates rather than guarantees and may change as new data emerges or market conditions shift.
• 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.
• Recent candlesticks have small bodies and long wicks, which shows hesitation instead of strong selling.
• 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.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to Everestex forex broker leverage. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor.

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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.

Silver is trading below the 50-EMA near $90 and the 200-EMA around $92, which confirms a bearish setup. This matches the 38.2% Fibonacci retracement at $4,855 and the rising lower trendline from the late January low. On the downside, gold is staying above the $4,680 to $4,700 support area.

• Silver price forecasts vary widely and depend on assumptions around industrial demand, supply conditions, and macroeconomic factors such as interest rates and currency trends.
• Another factor that has been supporting the price is growing expectations of more interest rate cuts by the US Federal Reserve in 2026.
• 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.
• This weak data, along with expectations of lower interest rates, weighed on the US dollar and helped support demand for gold.
• The bias would only change if the price breaks above the trendline, but that has not happened yet.
• Silver prices can move in either direction and are often more volatile than those of other precious metals.

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.

• As of 6 January 2026, Capital.com client positioning in silver CFDs currently shows 73.0% buyers versus 27.0% sellers, a heavy‑buy skew that puts buyers ahead by about 46 percentage points.
• As a result, gold rebounded strongly from lower levels and touched an intraday high near 4,846.
• Silver is trading below the 50-EMA near $90 and the 200-EMA around $92, which confirms a bearish setup.
• This matches the 38.2% Fibonacci retracement at $4,855 and the rising lower trendline from the late January low.

Weak Us Jobs Data And Rate Cut Hopes Support Gold Prices

The 14-day RSI is around 70.6, placing it in a stretched zone, while the ADX near 62 points to a strong established trend, provided price remains above the clustered averages. The consultancy points to softer global activity, easing supply bottlenecks, and a partial normalisation in investor positioning following the 2025 surge as factors behind its more cautious outlook (Capital Economics, 15 December 2025). 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). The forecasts below focus on published targets and averages from late 2025 to early 2026, with varying emphasis on macroeconomic policy, geopolitics, and longer-term structural demand.

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

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.

Capitalcom’s Client Sentiment For Silver Cfds

• Anyone considering exposure to silver should carefully assess the risks involved and consider seeking independent advice where appropriate.
• Its price is influenced by a combination of factors, including industrial demand, investment flows, interest-rate expectations, and broader risk sentiment.
• 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.
• 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.
• Contracts for difference (CFDs) let traders take positions on both rising and falling prices, but they are traded on margin, Leverage amplifies both profits and losses, so it’s important to understand how CFDs work before trading.

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).

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

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.

Silver Price: Technical Overview

Technical factors, such as momentum indicators and key support or resistance levels, can also influence shorter-term moves. It’s also important to note that forecasts are estimates rather than guarantees and may change as new data emerges or market conditions shift. As of 6 January 2026, Capital.com client positioning in silver CFDs currently shows 73.0% buyers versus 27.0% sellers, a heavy‑buy skew that puts buyers ahead by about 46 percentage points. Into 2026, that upward move extended further, with silver closing at $72.70 on 1 January and reaching $80.90 on 6 January 2026, marking a steep advance over the two-year period shown. Closes moved from roughly $40 at the start of September to above $70 by late December, finishing the year at $71.65 on 31 December 2025. Silver’s spot price on Capital.com has shifted sharply over the past two years, moving from the high-$20s per ounce in early 2024 to above $80 by early January 2026.

• On Capital.com, you can trade silver CFDs, which allow you to speculate on price movements without owning the underlying metal.
• The RSI is around the mid-40s, which suggests the price is stable but not showing clear upward momentum.
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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.