2024 Precious Metals Forecast Survey

Srivatsava Ganapathy

Eventell Global Advisory P Ltd.

Take a look at the analysts' individual forecasts and commentary, revealing their insights behind their forecasts for highs, lows, and average prices for gold, silver, platinum and palladium.

— Analyst's average forecast

— Average price year to date

— Current price

$1,700 $1,800 $1,900 $2,000 $2,100 $2,200 $2,300 $2,400 $2,500 $2,600
 

Range

$1,930 - $2,280

Average

$2,089

Geopolitics will define the broad direction of gold markets in 2024. While inflation has cooled off temporarily, it will take a while to get it under control. Likewise, interest rate cuts may also be measured and gradual. The overall trend in gold is expected to be moderately up.

— Analyst's average forecast

— Average price year to date

— Current price

$14 $18 $22 $26 $30 $34
 

Range

$21.45 - $29.40

Average

$25.30

Silver had a quiet 2023. Recovery in manufacturing across the world has been sluggish. It will take some time for momentum to pick up in manufacturing. Actions on the ground on clean energy and electric mobility will be positive for silver. The silver price is expected to sweep a larger range in 2024 and close moderately higher.

— Analyst's average forecast

— Average price year to date

— Current price

$700 $800 $900 $1,000 $1,100 $1,200 $1,300 $1,400 $1,500
 

Range

$0 - $0

Average

$0

— Analyst's average forecast

— Average price year to date

— Current price

$450 $650 $850 $1,050 $1,250 $1,450 $1,650 $1,850 $2,050
 

Range

$0 - $0

Average

$0