World Bank's latest assessment: Gold and silver will peak in 2026, and will decline next year

Golden Finance reports that on April 29th, the World Bank, in its April “Commodity Market Outlook,” provided an assessment of the future trend of precious metals: Amid ongoing geopolitical conflicts disrupting the markets, gold and silver prices have experienced sharp fluctuations, but overall they are approaching cyclical highs, and the upside potential in 2026 will be limited.
Under the continued tension in the Middle East, energy prices have risen, exacerbating inflation expectations, and also strengthening market expectations for interest rate hikes. These factors collectively suppress the further upward momentum of precious metals. Nevertheless, the report still expects prices to remain relatively resilient in the short term and to potentially sustain another year of growth.
Regarding specific forecasts:
The World Bank expects the average price of gold this year to be about $4,700 per ounce, a 37% increase from last year; however, by 2027, gold prices are projected to decline by about 7%.
The outlook for silver is similar: the average price is expected to be around $70 per ounce this year, a 76% increase year-over-year, with a similar 7% decline expected in the following year.