World Bank Forecasts Continued Rise in Gold and Silver Prices Next Year

According to China Nonferrous Metals News, despite the recent sharp pullback in international gold prices from historic highs, the market remains broadly optimistic about gold's future trajectory. Recently, the World Bank projected that both gold and silver prices will continue to climb next year.

In its latest Commodity Outlook, the World Bank projects that by 2026, the average gold price will reach approximately $3,575 per ounce, while silver will average $41 per ounce.

World Bank analysts predict gold prices will rise another 5% by 2026, nearly doubling the 2015-2019 average.

However, the upward trend for gold and silver may end in 2027. The World Bank projects that in 2027, the average gold price will be around $3,375 per ounce, a decline of over 5% from 2026. The average silver price is expected to fall to approximately $37 per ounce, nearly 10% lower than in 2026.

Despite potential selling pressure on gold in 2027, the World Bank still anticipates prices will remain elevated.

World Bank analysts stated: “Gold's recent price gains have been primarily driven by investment demand. Escalating geopolitical tensions, macroeconomic concerns, and heightened policy uncertainty have collectively supported the upward trend, further amplified by a weaker U.S. dollar and recent accommodative monetary policies in the United States.”

Despite a recent sharp correction, gold prices have still surged by over 50% year-to-date. The last major gold price rally occurred between 1979 and 1980, when prices nearly doubled amid soaring U.S. inflation, oil shocks, a weakening dollar, and geopolitical turmoil.

This latest gold rally again coincides with heightened geopolitical tensions and a weaker dollar. However, unlike the 1979–1980 period, current U.S. inflation pressures and energy market volatility are less severe. Instead, a defining feature of this surge is unprecedented central bank buying.

The World Bank is more optimistic about next year's silver market, as investment and industrial demand will continue to drive prices higher. The institution stated that silver demand is projected to grow steadily, reflecting its dual role as a safe-haven asset and a critical input for rapidly expanding sectors like renewable energy and semiconductor production.

Although geopolitical tensions and policy uncertainties have eased in recent months, any renewed escalation—such as trade friction, higher tariffs, or worsening conflicts—could trigger further safe-haven capital inflows, pushing gold and silver prices above current projections. Unexpected financial volatility could also drive up precious metal prices.

Moreover, easing geopolitical tensions could exert downward pressure on both safe-haven and investment demand for gold and silver.

As an integrated internet platform providing benchmark prices, on November 7, the benchmark price of silver on SunSirs was 11,316.00RMB/kg, a decrease of 1.39% compared with the beginning of the month (11,476.00 RMB/kg).

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