Precious Metals Price Prediction: Gold Could Hit $7K-$8K by May 2026

precious metals price prediction

The past few weeks have seen volatility in precious metal prices fueled by geopolitical and economic uncertainty and the US inflation data, with gold rising 9.35% and silver falling 13.03%.

According to analysts working on precious metals price prediction, gold and silver are turning increasingly bullish. Analyst Rashad Hajiyev recently shared his gold target for May 2026 to June 2026 at $7,000-$8,000, gold to silver ratio at 30, and silver price forecast for May 2026 to June 2026 at $230-$260.

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Silver Poised to $230-$260 as Gold-to-Silver Ratio Hits 30

silver price forecast
Source: Unsplash

Explaining the rationale behind his precious metals price prediction, Rashad Hajiyev, in a post on X, said that precious metals are entering a consolidation and recovery phase and should peak around May 2026.

If the gold price prediction holds and it hits the $7,000-$8,000 range, with a gold-to-silver (GTS) ratio of 30, silver could very well reach the $230-$260 target. But that’s an extremely optimistic assessment.

Other analysts are of the view that prices are likely to remain range-bound until there’s more clarity on the Federal Reserve’s monetary policy, inflation data, and interest rate cuts. Last year, Kevin Warsh had hinted at a lower interest rate, but there’s no clarity at this point.

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According to institutional forecasts from major banks and global financial organizations, the gold prices will remain in the $4500-$5500 range, while silver prices will be in the $60-$100 range. Despite the positive outlook, many shared concerns about the latest decline.

The fall in gold and silver prices today, February 16, was due to reduced trading activity amid markets remaining closed in the US and China, which reduced liquidity. US markets are closed on Presidents’ Day, while markets in China are closed from February 15 to February 23 for the Lunar New Year.