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Consensus Price Forecasts - Gold, Silver Prices Surge To New Highs

Seeking Alpha
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⚡ Quantum Brief
Gold and silver prices hit record highs in January 2026, alongside copper and platinum, as macroeconomic uncertainty and geopolitical tensions drove safe-haven demand. Industrial metals also surged, with most reaching multi-year peaks, though eurozone manufacturing lagged while US and Asian production rebounded on firmer demand. Indonesia slashed its 2026 nickel production quota by 34% to 250–260 million metric tons, sparking supply shortage fears and potential price volatility. Zinc’s 2026 price forecast rose 0.6%, but long-term projections (2027–2030) dipped 1.6% amid shifting supply-demand dynamics in base metals markets. Platinum group metals gained momentum from gold’s rally, with persistent supply-demand imbalances reinforcing their upward price trajectory.
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Markit3.61K FollowersFollow5ShareSavePlay(12min)Comment(1)SummaryGold, silver, platinum and copper prices reached new historic peaks in January, while most other industrial metals prices hit multiyear highs.Manufacturing remained subdued in the eurozone in January but improved across the US and Asia as production and demand firmed.Macroeconomic and geopolitical factors that support the gold price also drive upside momentum for platinum group metals, but ongoing supply-demand imbalances add fundamental support.Zinc consensus price forecasts were upgraded 0.6% for 2026 but lowered 1.6% on average across 2027-30.Top nickel producer Indonesia announced a sharp cut to its 2026 nickel production quota to 250-260 million mt, from 379 million mt in 2025, triggering rising concerns over potential supply shortfalls. Oselote/iStock via Getty Images S&P Global Energy discusses consensus price forecasts for industrial and precious metals, including platinum group metals, amid broader market trends.

The Take Gold, silver, platinum and copper prices reached new historic peaks in January, while most other industrialThis article was written byMarkit3.61K FollowersFollowIHS Markit (Nasdaq: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 key business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.

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