02.01.2026 12:21
Financial analyst İslam Memiş stated that there could be a short-term correction in gold and silver in 2026, with a potential continuation of the rise in the first half of the year, but a decline and horizontal movement may become prominent in the second half. Memiş pointed out a target of 8,000 TL for gram gold and 120 TL for gram silver, emphasizing that those planning to buy a house or a car should evaluate the first half.
Financial Analyst Islam Memiş stated that there is an expectation of a short-term pullback in gold and silver as we enter 2026, while a rise is anticipated in the medium to long term. Memiş emphasized that those planning to buy a house or a car should evaluate the first half of the year, warning that "the wind may change direction" in the second half of the year.
HE TOOK THE 'X-RAY' OF PRECIOUS METALS
As gold and silver closed 2025 with a rise and entered 2026 with ambitious expectations, notable evaluations came from Financial Analyst Islam Memiş. Speaking in a live broadcast, Memiş underscored that what he said was not investment advice.
SHORT-TERM DECLINE, MEDIUM-TERM RISE
Memiş stated that he expects profit sales and technical corrections to continue in the short term for gold and silver. He shared the view that the upward trend could continue in the medium and long term.
TARGET FOR GRAM GOLD: 8,000 TL
Sharing his expectations for the summer months, Memiş pointed to a range of 4,800–4,880 dollars for gold per ounce. He expressed that the first target for gram gold is 8,000 TL.
EMPHASIS ON 120 TL FOR SILVER
Providing a target for silver as well, Memiş highlighted the level of 120 TL for gram silver. He stated that the expectation of a rise continues in the first half of the year.
"THE WIND MAY CHANGE DIRECTION IN THE SECOND HALF"
According to Memiş, in the second half of 2026, a more stable period may be observed in gold and silver, characterized by a pause and intensified profit sales. Therefore, he advised investors in need of cash or planning to buy a house or a car to evaluate the first half of the year.
"I DO NOT EXPECT RETURNS LIKE IN 2025"
Memiş indicated that he does not expect high returns similar to those of 2025 in 2026, stating that it would be beneficial for investors to plan accordingly.
CRITICAL LEVEL FOR PURCHASE: BELOW 6,000 TL
Noting that gram gold is around 6,190 TL in the Grand Bazaar market, Memiş said that dips below 6,000 TL could create a buying opportunity. He suggested a gradual purchase, stating, "50% can be bought these days, and for the other 50%, one should wait for below 6,000 TL."
EXPECTATION FOR GOLD BELOW 4,300 DOLLARS
Stating that the price of gold per ounce is above 4,300 dollars, Memiş expressed that he expects it to dip below 4,300 dollars again. Therefore, he mentioned that gradual buying on the ounce side could also be reasonable.
"IN 2026, ONE SHOULD NOT GET TOO ATTACHED TO GOLD AND SILVER"
Islam Memiş summarized the general framework of 2026 as "rise in the first half, decline in the second half." He noted that the Fed's interest rate cuts could continue and uncertainties persist, emphasizing that the upward trend could remain strong until June, but a horizontal and declining process may emerge in the second half of the year.