2025 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

— 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 - $3,100

Average

$2,590

Acceleration in global economic growth to pre-pandemic levels alone can slow down or arrest gold price increase. That seems unlikely in 2025. Central banks are likely to continue gold buying. The Russia-Ukraine war may take a pause, but it is likely that US-China trade friction may escalate. The Middle-East will continue to be geopolitically sensitive. Interest rates may drop by about 50 basis points, albeit gradually. Given these factors, gold in 2025 is likely to hold on to its current levels. Key drivers that could influence gold prices in 2025: • Expectations about global economic growth rates • Expectation about interest rate changes

— Analyst's average forecast

— Average price year to date

— Average price 2024

— Current price

$22 $26 $30 $34 $38 $42 $46
 

Range

$25 - $37.50

Average

$30.20

Silver industrial demand is expected to be robust although efforts will continue in the areas of thrifting, recycle and reuse. Jewellery and silverware market would struggle as higher prices discourage buyers. Silver ETFs and similar financial products are likely to grow in Asia. Silver is likely to consolidate in 2025.

— 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