Gold and Silver Price Forecasts Raised in Reuters Poll

LONDON — Precious metal prices are projected to remain at elevated levels over the next two years, according to the latest quarterly industry survey released by Reuters. Analyst forecasts compiled in the market poll indicate that gold is expected to average $4,509 per ounce in 2026 and expand further to $4,610 per ounce in 2027. Concurrently, silver is projected to average $72 per ounce in 2026 before stabilizing slightly at $71 per ounce in 2027. The updated price targets reflect sustained buying momentum from global central banks, persistent economic uncertainties, monetary easing cycles, and robust industrial consumption across green energy sectors.

Central Bank Buying and Monetary Policy Drive Gold Outlook

The updated Gold and Silver Price Forecasts point toward sustained multi-year strength in global bullion markets, driven by structural shifts in institutional reserve allocation. Commodities analysts surveyed by Reuters highlighted continued accumulation of physical gold reserves by central banks seeking portfolio diversification and risk mitigation against global debt levels and currency volatility.

The consensus survey indicates that market fundamentals for gold remain strongly supportive:

• 2026 Gold Forecast: Expected annual average of $4,509 per troy ounce.

• 2027 Gold Forecast: Expected annual average of $4,610 per troy ounce.

Market strategist inputs collected in the survey attribute the positive trajectory to real yield trends, institutional inflows into precious metals exchange-traded funds (ETFs), and safe-haven allocations during geopolitical frictions. Lower interest rate regimes maintained by major central banks have reduced the opportunity cost of holding non-yielding bullion, reinforcing the elevated price floor across trading desks in London, New York, and Shanghai.

Silver Supported by Industrial Demand and Green Energy Expansion

While gold benefits primarily from monetary and safe-haven investment flows, silver’s multi-year outlook receives strong dual support from institutional investment and expanding industrial applications. According to the Reuters poll findings, silver is forecasted to track close to historical high averages over the two-year period.

The survey outlines the following average price projections for silver:

• 2026 Silver Forecast: Expected annual average of $72 per troy ounce.

• 2027 Silver Forecast: Expected annual average of $71 per troy ounce.

Industrial consumption particularly within photovoltaic solar cell manufacturing, automotive electronics, and 5G telecommunications infrastructure continues to outpace mine supply expansion. The persistent structural market deficit in physical silver markets has drawn down visible vault inventories, underpinning the strong price expectations established in the Reuters consensus.

Official Sources Section

The price projections and market data detailed in this report are compiled from official quarterly commodity survey releases conducted by Reuters. Historical spot settlement prices, exchange inventory metrics, and physical demand balances cited in institutional analyst models reference official market publications from the London Bullion Market Association, the COMEX Division of the New York Mercantile Exchange, and industry research published by the World Gold Council.

Quote Section

According to official market consensus notes and survey responses collected by Reuters:

"The upward adjustment in precious metal targets reflects structural shifts in global reserve management and persistent supply deficits in industrial metals. According to officials and market strategists surveyed, central bank demand for gold remains historically elevated, while silver continues to benefit from structural deficits driven by the global energy transition."

Why It Matters

The Gold and Silver Price Forecasts carry broad implications for financial market participants, industrial supply chains, and sovereign monetary policy:

• For Institutional Investors: Elevated price targets signal continued interest in inflation-hedging assets and non-sovereign reserve assets within global macro portfolios.

• For Industrial Manufacturers: Higher silver price projections directly impact raw material procurement costs for solar panel manufacturers, semiconductor fabrication plants, and automotive electronics producers.

• For Consumers and Retail Buyers: Sustained high prices increase the cost of consumer jewelry and retail investment coins while boosting the scrap metal recycling market.

• For Mining Enterprises: Sustained high realization prices enhance profit margins and cash generation for precious metals extraction companies, likely spurring capital expenditure in exploration projects.

Key Facts at a Glance

• 2026 Gold Projection: Average price forecasted at $4,509 per ounce.

• 2027 Gold Projection: Average price forecasted at $4,610 per ounce.

• 2026 Silver Projection: Average price forecasted at $72 per ounce.

• 2027 Silver Projection: Average price forecasted at $71 per ounce.

• Primary Drivers: Central bank reserve accumulation, structural supply deficits, industrial green technology demand, and global monetary policy easing.

Frequently Asked Questions (FAQs)

What are the average gold price forecasts for 2026 and 2027?

According to the Reuters poll, gold is expected to average $4,509 per ounce in 2026 and $4,610 per ounce in 2027.

What are the average silver price forecasts for 2026 and 2027?

The Reuters poll projects silver to average $72 per ounce in 2026 and $71 per ounce in 2027.

What key factors are driving the elevated price forecasts for gold?

Gold's strength is primarily driven by persistent central bank purchasing, lower real interest rates, monetary policy easing, and safe-haven demand among institutional investors.

Why is silver expected to maintain high price levels?

Silver benefits from both investment demand and strong industrial demand, particularly from photovoltaic solar panel manufacturing, electronic components, and structural market supply deficits.

Source: Official market survey disclosures published by Reuters, with supplementary market data from the London Bullion Market Association and the World Gold Council.