precious metal

Gold and silver futures fell in late trading, with investors seen as locking in profits from extended rallies up to new all-time highs for both precious metals.

Nervous investors are hoarding precious metals, manufacturers need silver for electronics, and jewelry buyers are trading down from gold.

As prices climbed Monday, Bank of America’s global commodity team on Monday published a bullish outlook for precious metals and stuck a $65 per ounce price target on silver for 2026.

“Renewed trade tension saw strong haven buying for gold and other precious metals,” analysts at ANZ Research say.

Edward Hadad, a financial planner at Financial Asset Management Corp. with over 15 years of experience, is skeptical of Dalio’s comments on the precious metal.