Will gold and silver prices rise more in 2025?

Yes, both gold and silver are likely to stay supported in the near term because rate-cut expectations, a softer dollar, and strong central bank buying keep demand firm while geopolitical risks add a safety bid. Spot gold is near record territory into October 2025, and silver has rallied sharply alongside it this year.

Gold’s case rests on a structural demand shift and policy backdrop that still favours higher levels because central banks keep adding reserves, the dollar trend has eased, and recession risks linger. Major houses project elevated averages into late 2025 and even a path toward 2026 highs, citing persistent safe-haven flows and potential Fed easing. Recent pricing shows gold up roughly 50 percent year to date with momentum into festive-season demand in India.

Silver can keep tracking gold and may swing more because industrial demand from solar and electronics collides with recurring supply deficits. Forecasts pegged silver near 40 dollars for 2025, and silver has gained strongly year to date, but it still swings more than gold. So, trend support looks intact, but sharp pullbacks are normal and entry timing matters in both metals.