Gold and Silver Price Predictions for 2026: Which is More Attractive for Investors?

Gold and silver prices are forecast to continue their rally this year as geopolitical tensions between the United States (US) and Iran ease. However, amid these prospects for gains, silver is seen as offering greater profit potential than gold, supported by steadily increasing industrial demand. Quoted from CNBC, the spot gold price rose 1.2% in Thursday’s trading (7/5/2026) to $4,750 per troy ounce. Meanwhile, the spot silver price jumped higher, by 3% to $79.62 per troy ounce. Throughout 2025, both gold and silver recorded significant rallies. Gold prices surged around 66% in a year, while silver soared up to 135%. However, entering 2026, their movements have become more volatile due to geopolitical conflicts and shifts in global interest rate expectations. Metals Daily CEO Ross Norman said gold prices temporarily corrected as markets began factoring in potential higher interest rates, a stronger US dollar, and oil price spikes due to the US-Iran war. “The peace agreement indicates that this pressure is starting to ease. It’s as if the handbrake on gold and silver is being released,” Norman stated. BNP Paribas Fortis Chief Strategy Officer Philippe Gijsels views the recent weakening of gold and silver prices as merely a consolidation phase, not the end of the precious metals’ bullish trend. “We expect the long-term bull market in gold and silver to continue, and both have the potential to set new all-time highs in the not-too-distant future, possibly even this year,” Gijsels said. He noted several supportive factors for gold’s rally remain strong, from central banks diversifying reserves from US government assets to gold, to high global inflation prompting investors to seek real assets. On the other hand, silver is deemed to have additional appeal because it functions not only as a hedging asset but also as an industrial raw material.