02.06.2026 16:00
Global markets are focusing on central banks' interest rate moves and economic growth data, while Commerzbank, one of Germany's leading financial giants, has revised its price forecasts for precious metals downward. Citing signals of a slowdown in industrial demand in particular, the bank lowered its expectations for gold, silver, platinum, and palladium.
Investors in global markets continue to closely monitor the monetary policies of major central banks and macroeconomic expectations regarding global growth. Amid this sensitive process, a critical report concerning commodity markets has arrived from the German banking giant Commerzbank. The bank has lowered its forecasts for precious metals, particularly silver, due to signs of a slowdown in the global economy and deteriorating expectations for industrial production.
Here are Commerzbank's current year-end forecasts for the gold, silver, platinum, and palladium markets:
GOLD: LONG-TERM RISE CONTINUES, BUT...
While Commerzbank states that the long-term upward trend in the safe-haven ounce gold prices is maintained, it has adopted a more cautious outlook for the short and medium term.
- 2026 Year-End Gold Forecast: Reduced from $5,000 to $4,800 per ounce.
- 2027 Year-End Gold Forecast: Held steady at $5,200 per ounce.
SILVER: INDUSTRIAL WEAKNESS HITS SILVER
The report emphasizes that the biggest factor behind the downward revision in silver prices is the weakening of industrial demand. It is stated that signals of a global economic slowdown are putting pressure on silver.
- 2026 Year-End Silver Forecast: Reduced from $90 to $80 per ounce.
PLATINUM AND PALLADIUM ALSO SEE $200 DECLINE
The German bank has also adopted a cautious approach in its forecasts for other precious metals critical to industrial production, lowering expectations by $200 each.
- 2026 Year-End Platinum Forecast: Reduced from $2,300 to $2,100 per ounce.
- 2026 Year-End Palladium Forecast: Revised down from $1,800 to $1,600 per ounce.
INVESTORS' EYES WILL BE ON DATA
These latest revisions by Commerzbank reveal that the global appetite for precious metal markets has somewhat balanced out. Analysts assess that the key factors determining the direction of precious metals in the coming period will be global growth data, the vitality of industrial production, and central banks' interest rate policies.