For the second-half of 2026, upside for Gold and Silver seems to be capped around $4,400 and $90, says Anindya Banerjee, Head of Commodity and Currency Research, Kotak Securities:
Gold and Silver ETFs dipped 1% in Wednesday's trade due to a fall in precious metal prices. Analysts say gold is falling as fears of higher-for-longer US interest rate environment strengthened the US$
Analysts at Kedia Stocks and Commodities Research expect Silver prices to fall to $48.60 levels in the bear-case scenario. On the upside, they expect prices to zoom up to $170 in the next bull cycle.
Prices declined across Comex, MCX and exchange traded funds (ETFs), with silver prices falling nearly 4 per cent and gold prices declining around 1.5 per cent