Gold, silver, and copper prices surge again — here’s the 2026 gold, silver, and copper outlook amid policy risks, supply deficits, and structural demand

Gold, silver, and copper prices are ending 2025 on a strong note, setting up an intense outlook for 2026. Analysts see rising policy risks, tight supply, and structural demand driving metals higher. Forecasts from major banks suggest gold could hit $5,000, silver may test $100, and copper could remain historically tight as electrification and AI demand accelerate.