Can Silver Catch Up with Gold's Momentum? Morgan Stanley Predictions

Notable Predictions for Gold Prices

Morgan Stanley predicts in its current report that the reduction of purchases by central banks and exchange-traded funds will force gold prices to achieve more modest gains throughout 2026. However, the anticipated interest rate cuts and a weakening dollar are expected to create upward momentum in gold prices.

Projected Gold Price for 2026

The bank expects gold prices to reach $4,800 per ounce in the fourth quarter. This forecast paints a positive picture due to strong Chinese retail demand, increasing central bank purchases, and concerns about global growth.

Expectations in the Silver Market

Meanwhile, a more cautious approach is noted regarding silver. It is believed that silver will not perform as strongly as gold. The anticipated decline in solar energy installations during 2026 is expected to negatively impact silver demand. In particular, 2025 is considered the year with the highest shortfall in the solar energy sector.

Platinum and Palladium Price Predictions

Morgan Stanley also forecasts that platinum will be priced at $1,775 per ounce and palladium at $1,325 per ounce for 2026. These predictions reflect structural imbalances in the metal markets and changing demand dynamics.

In summary, gold and silver markets will shape up with different dynamics in the coming years. Investors will have to develop the right strategies amid this situation.