Khaberni - Euler financial consultancy expects silver prices to gradually decline to around $65 per ounce by 2027.
Nikanor Khaleen, the chief analyst at Euler, in the study reviewed by "Ria Novosti" agency, said: "The average silver price this year is expected to be around $75 per ounce, returning to the $65 level by 2027, with gold prices returning to their gradual normal levels" after recording historic record levels exceeding $120 in January last year.
He added that "the price ratio between gold and silver has returned to its normal levels, and no longer provides additional support for silver." He expects that gold prices will remain above the $4000 per ounce mark during 2026, due to increasing demand from central banks, rising mining costs, and accelerating inflation resulting from rising oil prices.
The study concluded that by 2027, gold prices are expected to stabilize at around $4000 per ounce, then continue to decline to $3500. The analyst compared the current situation to "the 1979 energy crisis," which led to sharp inflation and a record rise in precious metal prices (gold jumped 210% between 1978 and 1980).
In January, the gold price reached its all-time high at about $5600 per ounce. Then, despite escalating situations in the Middle East, March saw the biggest monthly drop since 2013, by 10.4% to around $4700 per ounce. The current price is $4760 per ounce.
