Both gold (XAUUSD) and silver (XAGUSD) are racing higher on Wednesday as Wall Street’s confidence in the two precious metals holds firm.
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Forget margin or options. Here's how the pros trade QQQWall Street expects gold to trade at an average price of $4,746.50 per troy ounce in 2026, according to a Reuters poll that surveyed 30 analysts and traders. That’s up from the estimate of $2,700 a year ago and $4,275 in October, although it implies downside of 4.8% from current prices.
Where Will Silver Trade in 2026?
Silver is expected to trade at an average price of $79.50 this year, up from $50 in October and implying downside of 11.3% from current levels.
Analysts cite thematic trends, like geopolitical uncertainty, strong demand from central banks, and a reduced reliance on the U.S. dollar, as factors driving the precious metals higher. At the same time, silver’s higher participation from retail investor makes it more prone to volatility than gold. In addition, signs have emerged that both industrial and consumer demand for silver are falling, according to Julius Baer analyst Carsten Menke.