Loading...
To analyze the prospects for gold and silver in 2026, it is necessary to review the results of the outgoing year, 2025. As of December 26, 2025, precious metal prices have reached significant levels, creating a basis for further forecasts.
| Metal | Price on December 26, 2025 |
| Gold | Around $4,500 per troy ounce |
| Silver | Around $75 per troy ounce |
To analyze the prospects for gold and silver in 2026, it is necessary to review the results of the outgoing year, 2025. As of December 26, 2025, precious metal prices have reached significant levels, creating a basis for further forecasts.
Gold and silver prices have shown steady growth, attracting the attention of investors. Silver has shown particularly impressive dynamics, nearly reaching recent peak values.
These figures reflect general market trends and serve as a starting point for assessing what investors can expect in the coming year.
During 2025, both precious metals showed significant price increases. Gold's price grew by approximately 70%, confirming its status as a reliable asset. However, silver demonstrated even more impressive results.
The value of silver increased by 140-145% over the same period, nearly double the growth rate of gold. Such dynamics are changing the traditional perception of silver as a metal 'in the shadow' of its more expensive counterpart.
Based on these trends, it can be assumed that in 2026, silver may come to the forefront and cease to be merely the 'little brother' of gold in the eyes of investors, becoming an independent and promising investment direction.
It is predicted that gold and silver prices will continue to rise in 2026. It is important to understand that this growth is not so much related to an increase in the intrinsic value of the metals themselves, but rather to the devaluation of paper currencies.
In this context, gold and silver act as classic safe-haven assets. They help preserve the value of savings during economic instability, while fiat currencies lose their purchasing power.
Therefore, it is recommended to consider allocating a portion of the investment portfolio to precious metals. This does not mean investing all funds solely in them, forgoing real estate or cash, but diversification through gold and silver can be a sensible decision to protect capital. Each investor determines the size of this share for themselves.
There are several reasons why silver may show higher growth rates in 2026. Firstly, the entry threshold for investing in silver is lower, making it accessible to a wider range of investors.
These factors create the preconditions for a further increase in the value of silver, as its supply is limited while demand continues to grow.
| Historical Period | Gold-to-Silver Price Ratio |
| Ancient Egypt | 2.5 : 1 |
| Ancient Rome | from 8:1 to 12:1 |
| Middle Ages | from 10:1 to 15:1 |
| Until 1870 (incl. in the Russian Empire) | from 15:1 to 16:1 |
| 20th Century | from 47:1 to 60:1 |
| Peak in the early 21st Century | up to 125:1 |
Assessing the prospects of precious metals is impossible without analyzing the historical ratio of their prices. Currently, this ratio is approximately 60-65 units of silver to one unit of gold. Historically, however, it has been completely different.
A key indicator for investors could be the narrowing of the current gap. If the ratio drops below 50 to 1, it will become a significant trigger, indicating the need to look even more closely at silver.
These figures show that the current valuation of silver relative to gold may be undervalued from a historical perspective, which creates potential for growth.
Despite positive forecasts, a price correction for both metals is possible in early 2026 after a prolonged period of growth. However, in the long-term strategic perspective, the fundamental factors remain unchanged. Many central banks around the world are openly replenishing their gold reserves, and the industrial consumption of silver makes it a non-recoverable resource, which exacerbates the deficit.
For private investors who do not want to delve into numismatic intricacies, investment coins are the optimal choice. It is recommended to focus on the most liquid options.
Coins of larger or smaller weights (e.g., 5 ounces or fractional parts) may be less liquid, and selling them can be more difficult. You can also pay attention to limited edition coins issued by mints specifically for exhibitions, as their price often increases 2-3 times after the event.
