Gold price prediction: What’s the outlook for gold, silver prices? What you should know
Gold price prediction today: Maneesh Sharma of Anand Rathi Shares and Stock Brokers is of the view that gold and silver prices are set for the best annual performances in several years.
Despite the pullback seen with Silver losing almost 9% on Monday, Gold & Silver remained on track for their best annual performances since 1979. (AI image)
Gold price prediction today: Gold and silver prices are set for the best annual performances in several years, says Maneesh Sharma, AVP - Commodities & Currencies, Anand Rathi Shares and Stock Brokers. He shares his outlook for gold and silver prices in the coming days:Earlier this week, gold edged higher, recovering some lost ground after falling 4.5%, which was gold's largest single-day loss since October.
Increased margin requirements on Gold and Silver futures by the Chicago Mercantile Exchange (CME) Group, one of the world’s largest trading floors for commodities, prompted widespread profit-taking and portfolio rebalancing towards the start of the current week.Despite the pullback seen with Silver losing almost 9% on Monday, Gold & Silver remained on track for their best annual performances since 1979. A combination of factors that drove safe haven flows in yellow metal included US tariff uncertainties along with heightened geopolitical tensions in the middle-east and key Asian regions were also major factors supporting gold in the initial half of 2026.Silver’s latest jump in the current month also came just two months after the London market suffered a full-blown squeeze as flows into ETFs and exports to India eroded inventories that were already critically low. London’s vaults have seen significant inflows since then, but much of the world’s available silver remains in New York as traders wait for the outcome of a US probe that could lead to tariffs or other trade restrictions.
Also China coming up with a policy change announcing export curbs on processed Silver exports to be effective from the start of January kept the sentiments bullish in Silver.Short term Outlook: Gold & Silver may remain steady with limited downside seen towards the start of new-year as strong fundamentals to drive sentiments.Weekly View:Spot Gold: Positive BiasSilver: Buy on Dips (Prices likely to regain momentum to retest $ 80 /Oz in spot in coming weeks)With the global Silver market projected to witness a fifth consecutive year of supply deficit with market participants estimating deficits could widen in 2026, the current deficit remains equivalent to roughly 8 - 10% of annual consumption.
With China export curbs estimated to anchor an incremental loss of 400–500 tonnes for next year would increase the deficit by about 1-1.2% keeping sentiments positive for Silver towards the start of the year.However in a holiday shortened week ahead, volumes could remain low as few macro cues including FOMC meeting minutes could remain in focus this week. Hence volatility could rise towards the start of next year while its prudent to continue buying on every dips for a favourable investment into precious metals heading into next year.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)