Bank of America Raises 2025 Gold and Silver Price Forecasts

According to PANews, Bank of America has revised its price forecasts for gold and silver for the upcoming year. The bank now anticipates gold prices to reach as high as $5,000 per ounce, with an average of $4,400 per ounce. Silver prices are expected to rise to $65 per ounce, averaging $56 per ounce. The bank notes that the extreme imbalance in the physical silver market may normalize at some point, potentially increasing volatility.