Precious metals enthusiasts rejoice: the bull run in gold and silver, driven by safe investment fervor, extends its horizon to 2026. Prices have rewritten record books this year, and momentum indicators suggest more upside ahead.
Key to this endurance is unwavering demand profiles. Central banks added over 1,000 tonnes of gold in 2023 alone, a trend accelerating. Silver miners face output shortfalls, while fabrication demand in autos and tech climbs relentlessly.
Economic crosswinds fan the flames. Moderating growth prompts rate cut expectations, favoring gold’s zero-yield profile. Crypto winters and equity corrections funnel capital to metals. Emerging market buyers, flush with stimulus cash, amplify volumes.
From a technical standpoint, both metals broke multi-year channels upward. RSI readings confirm healthy rallies without overbought extremes. Options markets price in continued volatility favoring calls.
Leading forecasters concur. Citigroup sees gold at $2,900 by late 2026; silver at $42. Risks include surprise hawkish pivots, but base case remains bullish. For savvy investors, dollar-cost averaging into sovereign mint products offers a low-stress entry. The safe-haven narrative endures.