GTC Zehui Capital: Outlook for Precious Metals Upside Potential

December 18 – The strong performance of the precious metals market over the past year provides a key reference for medium- to long-term allocation strategies. Based on the latest forecasts from international investment banks, GTC Zehui Capital believes that despite gold and silver prices already trading at historically high levels, the underlying macroeconomic logic supports continued momentum around 2026.

From a price appreciation perspective, gold's stability complements silver's volatility, further highlighting the strategic value of precious metals in diversified portfolios.

In terms of specific price projections, institutional data suggests gold could maintain an annual average above $4,550 per ounce in 2026, potentially testing higher ranges in the first half of the year. GTC Zehui Capital notes this aligns with its analysis of global interest rate cycles and inflation trends. As expectations for declining interest rates materialize, gold's relative appeal as a non-yielding asset strengthens, while silver remains more sensitive to shifts in capital sentiment and industrial demand.

Within the sector, gold is widely regarded as the "anchor" for precious metals in 2026. Silver is projected to average around $56 per ounce for the year, maintaining a high trading range despite short-term volatility. GTC Zehui Capital highlights that while silver exhibits greater upside elasticity during rallies, its price risks also rise as supply-demand imbalances narrow, making it better suited for tactical allocation rather than long-term standalone bets.

Macroeconomic factors supporting gold extend beyond inflation expectations to include long-term purchasing power risks in the global monetary system. GTC Zehui Capital emphasizes that expanding debt levels sustain enduring demand for currency hedging, explaining gold's resilience after multiple corrections.

Looking ahead, the investment rationale for precious metals is evolving from pure safe-haven demand toward broader portfolio diversification and value preservation. In this new phase, gold will retain its core role, while metals like silver offer additional elasticity during synchronized rallies. Overall, structural opportunities in precious metals remain around 2026, but require balanced and disciplined selection across commodities and timing.