2025 Precious Metals Forecast Survey

Rohit Savant

CPM Group LLC

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

$2,350 - $3,150

Average

$2,700

Gold prices are expected to remain strong during 2025, possibly reaching fresh record high levels. There are several price-supportive political and economic risks that could drive gold prices higher. The one factor that is expected to be most supportive of gold prices during 2025 is uncertainty. Uncertainty, both political and economic, is expected to be elevated going forward, which is expected to keep gold a top priority for investors as a portfolio diversifier. In addition to support from investors, central banks too are expected to remain net buyers of gold, providing additional support to gold prices.

— Analyst's average forecast

— Average price year to date

— Average price 2024

— Current price

$22 $26 $30 $34 $38 $42 $46
 

Range

$26.50 - $40.50

Average

$33.58

The prospects for silver prices in 2025 look strong at this time, with prices positioned for ongoing strength during 2025 and the potential for prices to outperform gold during the year. Silver’s investment demand, which is the key factor affecting prices, is largely influenced by the same factors that are positive for gold, which – coupled with the metal’s underperformance compared to gold – makes it a candidate for outperformance during 2025. One of the factors that has been weighing on silver prices has been liquidation by investors that bought silver in the past in anticipation of ongoing strength in silver prices and silver prices reaching fresh record high levels, beyond those last seen in 2011. As the intensity of this liquidation continues to dissipate, it will clear the path for silver prices to rise more forcefully. A lot of this liquidation already occurred in 2024.

— 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