Kitco News, the world's leading global precious metals and mining news website, announces that gold and silver are set for record growth next year. The London Bullion Market Association (LBMA) conference reported that gold prices will continue to hit record highs over the next 12 months, but silver will remain the most attractive investment vehicle in 2025.
According to the LBMA's annual dealer survey, 45% of participants expect silver to perform the best compared to other precious metals. Meanwhile, 37% believe gold will remain the most attractive, with platinum in third place, with just 16% of dealers expecting it to perform best over the next year. Only 2% of participants expect palladium to outperform.
By the same time in 2025, the gold price is expected to have risen to USD 2,941.40 (EUR 2,703.10) per ounce. The forecasts foresee a 10.5% increase in the gold price compared to the current market price. Although gold still has great potential in the coming years, experts believe that silver will be the most promising investment instrument until 2025. The survey showed that the LBMA predicts a rise in silver prices to USD 45 (EUR 41.36) per ounce. The LBMA's forecast shows a 43% increase in the price of silver compared to current prices.
“I have never seen a better outlook for silver,” said Mitchell Krebs, CEO of Coeur Mining, during the discussion.
The LBMA's forecast for the platinum market over the next 12 months is positive. According to the survey, the platinum price will reach USD 1,147.90 (EUR 1,054.93) per ounce, a level not seen since the first half of 2023. This represents a 16.4% increase in the platinum price. Analysts expect that, like silver, the platinum price will rise due to rising industrial demand and supply shortages.
The LBMA is less optimistic about palladium. The survey suggests that by October 2025, the price of palladium will rise to USD 1,058.90 (EUR 973.14) per ounce, a forecast increase of 6% compared to the current price of palladium.
Žilvinas Leškevičius, CEO of Florinus, also shares his insights on the expected rise in gold and silver prices: "In 2025, we will definitely see a further rise in the price of the main investment metals — gold and silver. This will be influenced by the stagnation of the world's major economies, the ongoing and escalating geopolitical conflicts in the Middle East and Ukraine. Gold will therefore remain the main and safest investment asset class in the coming years, as a stable means of capital preservation and an alternative to riskier investments. As for investment silver, we can expect to see a "spike" in the price of this metal, as silver is a diversifier in investment portfolios and an alternative to other more expensive investment metals. Also, given the price ratio between silver and gold, it can be predicted that if the gold price rises, the ratio will either stay the same or fall, leading to an increase in the value of silver."
"Investment platinum and palladium prices are expected to stay roughly the same or rise only slightly, as the price of these metals is mainly driven by industry, for example, in diesel and electric cars. As the world's major economies will not fully recover over the next 12 months, a stronger recovery in platinum and palladium prices could only come with a positive outlook for the global economies," added the Florinus CEO.
Read more: www.kitco.com
