

2025 Precious Metals Forecast Survey
Nicholas Frappell
ABC Refinery Pty Limited
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
— Average price 2024
— Current price
Range
$2,391 - $3,086
Average
$2,515
Gold remains in a bull trend across medium- and long-term time frames. I expect gold to benefit chiefly from uncertainty in 2025, and the inauguration of President Trump has underscored that uncertainty over a host of issues ranging from security, trade, and taxation. Additionally, the lack of a clear pathway to remedy US deficits is likely to place further strain on yields, which have been positively correlated with gold since mid-2023. On the bearish side, the US dollar may act as a drag given expectation of American economic outperformance.
— Analyst's average forecast
— Average price year to date
— Average price 2024
— Current price
Range
$24.25 - $40.10
Average
$28.25
Silver also remains in a bull trend across weekly and monthly time frames. I expect silver to benefit from electrification and EV demand and also the above-mentioned tailwinds in gold. On the bearish side, a stronger dollar may impede Indian demand and tariffs risk impairing economic growth.
— Analyst's average forecast
— Average price year to date
— Average price 2024
— Current price
Range
$0 - $0
Average
$0
— Analyst's average forecast
— Average price year to date
— Average price 2024
— Current price
Range
$0 - $0
Average
$0