It seems like the precious metals are once again heating up to deliver a new momentum. Bank of America has forecasted another gold price prediction, claiming that gold is on track to hit $6000 in the near future. This prediction comes with a time frame, as BofA adds how gold may hit $6K within the next 12 months. Adding to this, silver is also expected to show some credible price surges. How high will silver go by the end of 2026? Let’s find out.

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BofA’s Updated Gold Price Analysis

As per the latest Bank of America forecast, the gold price is on the verge of breaking all its previous records. The metal is now aiming for the $6K price mark, driven by the Fed’s leadership uncertainty and volatility stance. As Trump has nominated Kevin Warsh for the next Fed leadership role, the uncertainty regarding the markets has now intensified.

However, what’s striking is BofA’s prediction for silver, which the bank believes may fall to hit $100/oz.

“GOLD TARGETS $6,000/OZ, BANK OF AMERICA SAYS.” Bank of America sees gold potentially surpassing $6,000/oz within 12 months, driven by Fed leadership uncertainty. Silver faces more near-term risks but could rebound above $100/oz. Currently, gold futures are up 0.6% at $5,208/oz.; silver rises 3.6% to $91.31/oz.”

In addition to this, JP Morgan believes gold may hit $4500 in the near future. This forecast is also driven by rising geopolitical uncertainty and the Federal Reserve rate cut stance, favoring gold over the dollar.

Different Opinions

Leading financial experts such as Rashad Hajiyev have presented a different opinion, adding how gold is capable of hitting $8K in the long-term future. Adding to this, Hajiyev believes Silver may also show its mettle by hiring $250 at its gradual pace.

“The decline in the gold-to-silver ratio (GTS) that started in April of 2025 could end by April of 2026, reaching 2011 levels around 30 if not lower. With gold at $7.5k and GTS at 30, one should expect a $250 silver price. If gold goes to $8k and GTS declines to 20, then silver could soar even to $400, but that would be a less realistic option in my opinion for the present cycle, but not impossible…”

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