Metals Focus Sees $5,000 Gold and $60 Silver by 2026 as Global Uncertainty Persists

A new report from Metals Focus, one of the most respected independent precious metals consultancies in the world, projects that gold could reach $5,000 per oz. and silver $60 per oz. by 2026. The firm cites ongoing global uncertainty, persistent inflation pressures, and structural shifts in monetary policy as key drivers behind this powerful long-term outlook.

While markets have seen bouts of volatility, the analysts emphasize that these short-term swings are part of a healthy, sustained bull market, not the end of one. Their view echoes other major institutions like Reuters’ recent survey and Goldman Sachs’ $4,900 projection, suggesting growing consensus that precious metals are entering a historic new phase.

Gold’s Rally Backed by Structural Forces

Metals Focus attributes gold’s strong trajectory to enduring macroeconomic imbalances rather than speculative enthusiasm. The global economy remains weighed down by high debt levels, elevated deficits, and slowing growth, a combination that historically strengthens the case for safe-haven assets.

Central banks continue to play a major role. After record-setting purchases in 2022 and 2023, accumulation has persisted through 2025 as nations seek to diversify reserves away from the U.S. dollar. This trend reflects a broader realignment in global finance, one where gold is increasingly viewed as a neutral reserve asset rather than a commodity trade.

The report also notes that as the U.S. Federal Reserve faces pressure to maintain policy flexibility amid fiscal strain, investors are losing confidence in the long-term stability of fiat currencies. Gold’s scarcity, liquidity, and universal trust make it a logical alternative in a world of rising monetary uncertainty.

Silver’s Dual Role: Industrial and Monetary

Silver’s forecast is equally striking. Metals Focus expects silver to rise toward $60 per oz. by 2026, fueled by both investment demand and surging industrial usage.

Unlike gold, silver benefits directly from the ongoing clean-energy transition. Its use in solar panels, electric vehicles, and semiconductor production continues to expand, tightening supply in an already constrained market. At the same time, silver’s monetary appeal, as a more affordable store of value for retail investors, adds another layer of sustained demand.

The analysts highlight that silver’s dual role as an industrial necessity and financial hedge positions it to outperform during periods of both economic growth and financial instability.

Volatility Is Not a Red Flag — It’s a Feature

While Metals Focus expects continued upward momentum, the firm cautions that volatility will remain part of the journey. Sharp price corrections and temporary pullbacks are described as “normal consolidation phases” within a long-term uptrend.

Rather than signaling weakness, these dips often represent accumulation opportunities for patient investors. As the report puts it, “Uncertainty is not fading — it’s becoming the new normal.” In that kind of environment, gold and silver historically thrive.

Implications for Long-Term Investors

For investors holding or considering physical metals or precious-metals-backed IRAs, the takeaway is clear: the world is entering a period where hard assets are regaining strategic importance.

Metals Focus’ forecast aligns with the broader industry consensus that inflation, currency devaluation, and debt sustainability concerns are unlikely to resolve quickly. With global financial conditions tightening and confidence in policy leadership under strain, gold’s safe-haven appeal is expected to remain robust.

Meanwhile, silver’s expanding industrial footprint adds a second growth driver that strengthens its long-term investment case.

The Bottom Line

Metals Focus’ projection of $5,000 gold and $60 silver by 2026 underscores a powerful theme: the world’s trust in paper assets is eroding, and tangible stores of value are once again in focus.

For investors seeking diversification, stability, and protection against the unexpected, precious metals continue to stand as one of the most resilient and time-tested assets available.

While no forecast is a guarantee, the message across global research desks is increasingly clear,  the era of undervalued gold and silver may be coming to an end.

This article is intended for informational and educational purposes only and should not be construed as financial advice. Past performance is not indicative of future results. Investors should consult with a licensed financial advisor before making any investment decisions.

Source: Kitco: Metals Focus sees $5,000 gold and $60 silver in 2026 as uncertainty persists