Commerzbank Raises Gold and Silver Targets
Commerzbank Raises Gold and Silver Targets
Commerzbank has updated its precious metals outlook, raising its gold and silver price forecasts for 2026. The bank increased its gold estimate from $4,200 to $4,400 per ounce.
Updated gold expectations
The revision represents a 4.7% increase over the previous estimate. Spot gold is currently trading at $4,207, down 0.07% in early trading.
Gold has gained nearly 60% over the past year, maintaining strong bullish momentum.
Revised silver outlook
The bank now expects silver to reach $59 per ounce next year, compared to the previous target of $50.
Silver recently hit an all-time high of $58.95 before pulling back to $58.
This year, silver has surged nearly 90%, outperforming gold.
