Gold and silver prices expected to rise further
Gold and silver prices continued their strong performance after significant gains in 2025, amid growing expectations of further increases in 2026, supported by several economic and geopolitical factors that have boosted demand for precious metals as safe havens.
US interest rate cuts boost demand for gold and silver
Market expectations that the US Federal Reserve will cut interest rates in the coming period have increased, especially after the release of December data showing a slowdown in core inflation in the United States.
This data reinforced the view that price pressures are gradually easing, paving the way for a more accommodative monetary policy, which typically supports gold and silver prices.
Concerns about Fed independence and geopolitical tensions
Concerns about the independence of the Federal Reserve, coupled with renewed global geopolitical tensions, have contributed to increased investment flows into safe-haven assets, primarily gold and silver.
These factors are key drivers of sustained investment demand for precious metals in the coming period.
Supply shortages and industrial demand drive silver to strong gains
Silver prices have risen sharply, driven by a physical shortage in global markets, with Chinese export controls and strong industrial demand contributing to tightening supply and supporting prices.
The silver market has also been suffering from a persistent deficit for several years, exacerbated by a liquidity shortage in the London market.
Industrial demand for silver has also increased significantly, driven by the global shift towards clean energy technologies and the growing reliance on artificial intelligence, which has reinforced the positive outlook for silver prices in the medium to long term.
The classification of silver as a critical metal in the United States, coupled with uncertainty over tariffs, has also helped to support prices.
Gold and silver hit new record highs
In trading, gold prices rose more than 1% today to a new record high of $4,639 per ounce.
In contrast, silver prices jumped more than 5% during today's session, and more than 14% since the start of the week, to reach a new historic high of $91.50 per ounce.
Positive outlook
Amid continued economic uncertainty, expectations of interest rate cuts, ongoing geopolitical tensions, and institutional and investment demand from banks and individuals, the outlook for gold and silver prices remains positive for 2026, with the likelihood of new record highs if these supportive factors continue.
