2025 Gold & Silver Price Prediction

Gold declined moderately last week, falling to USD $2,653/oz from $2,670/oz. However, analysts forecast that the yellow metal will average $2,750/oz in 2025 (+14% YoY), supported by ongoing geopolitical tensions, Central Bank de-dollarization, and continued synchronized rate cuts by global central banks.

Silver also fell last week, dropping from USD $32/oz to $31/oz, but it is expected to average $36.50/oz (+23% YoY) in 2025. This outlook is driven by rising industrial demand, particularly in solar technology, and central bank easing cycles, with a potential upside as high as $45/oz.

Outlook for Precious Metals in 2025

Precious metals, particularly gold and silver, are poised for gains in 2025, supported by synchronized global easing cycles, China’s fiscal and monetary stimulus, and structurally higher inflation driven by deglobalization and energy transitions. A weaker USD, expected in late 2025 due to trade tariffs and international rebalancing efforts, could further support prices. While geopolitical risks remain elevated, markets have shown resilience following the shocks of 2024.

Bullish scenarios hinge on persistent central bank buying, de-dollarization, and inflationary pressures, but price volatility is likely. Upside potential depends on central bank support and a weaker USD, while bearish risks include stronger-than-expected U.S. growth, geopolitical de-escalation, and declining investment demand.