Gold on course for $6,800 by 2030, could silver follow suit?.
7/28/2025 06:32am
**Gold's trajectory to $6,800 by 2030 is plausible**, given current trends and forecasts. However, **silver's path might differ slightly**, considering its unique characteristics and market dynamics. Here's a detailed analysis:
1. **Gold's Price Forecast**:
- **Current Price and Trends**: As of July 24, 2025, gold is priced at $3,355 per ounce.
- **Analyst Predictions**: HSBC has revised its 2025 average forecast for gold to $3,215 per ounce, with a year-end projection of $3,175 and a 2026 forecast of $3,025 per ounce. This indicates a potential peak in gold prices before slightly declining.
- **Market Factors**: Gold's price surge is driven by increased safe-haven demand, geopolitical tensions, and expectations of trade deal breakthroughs. The overall sentiment remains bullish, with gold often acting as a hedge against economic uncertainties.
2. **Silver's Price Forecast**:
- **Current Price and Trends**: Silver's spot price is hovering around $39.00 per ounce.
- **Analyst Predictions**: Commerzbank has revised its forecast for silver, expecting it to reach $39 per troy ounce by the end of 2025. This suggests a positive outlook for silver prices in the short term.
- **Market Factors**: Silver has recently