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

$2,200 $2,300 $2,400 $2,500 $2,600 $2,700 $2,800 $2,900 $3,000 $3,100 $3,200 $3,300 $3,400 $3,500
 

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

$22 $26 $30 $34 $38 $42 $46
 

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

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

Range

$0 - $0

Average

$0

— Analyst's average forecast

— Average price year to date

— Average price 2024

— Current price

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

Range

$0 - $0

Average

$0