“We expect further upside (for gold). Our current forecast suggests that prices will peak at around $5,500 later this year,” said Philip Newman, director at Metals Focus. “Periodic pullbacks are likely as investors take profits, but we expect each correction to be short-lived and met with strong buying interest,” Newman added. By Kavya Balaraman for Reuters

Silver may also be subject to supply shortages. About three-fourths of new silver isn’t mined directly but rather is created as a byproduct of mining other metals such as lead, zinc, and copper. That means a rise in silver prices doesn’t immediately translate into increases in supply. Silver demand has outstripped supply every year since 2018. The deficit last year was 18%. Another shortfall is likely in 2026, according to Metals Focus managing director Philip Newman. By Ian Salisbury for Barron’s.

“Looking ahead, as the Trump administration holds off on critical minerals tariffs and seeks to negotiate agreements with foreign partners, worries about tariffs are likely to subside, at least for the time being,” they said in a note this week. By Josh Chiat for Stockhead

Metals Focus projects that many of these dynamics will persist into 2026. “Looking ahead, we anticipate further price upside across the precious metals complex, as persistent economic and geopolitical uncertainties continue to support portfolio diversification. For the white metals, U.S. tariff uncertainty and favorable underlying fundamentals are likely to provide an additional boost to prices.” By Mike Maharrey for FX Street

Central banks are on ​track to buy 850 tons of gold in 2025, down from 1,089 tons in 2024, ​said Philip Newman, managing director at consultancy Metals Focus. “It’s still a very healthy figure in absolute terms,” he added. By Thomson Reuters

Philip Newman, Managing Director of Metals Focus, is also bullish on gold, forecasting that prices could surpass $5,000 per ounce before the end of 2026. He views the current consolidation as a positive sign, indicating the market is comfortable at these levels and that any correction is likely to be short-lived. By CNBC TV18

Metals Focus says these advances have been fuelled by uncertainty surrounding the US trade policy and mounting worries over the global growth outlook. Related to this uncertainty, exchange for physical market breakouts have also at times led to liquidity squeezes. By Bruce Montiea for Mining Review Africa

While industrial demand has been weak, the survey shows that investment demand has more than made up for the drop. Philip Newman, Managing Director at Metals Focus, the British research firm behind the annual Silver Survey, said that inflows into exchange-traded funds (ETFs) have increased by 187 million ounces so far this year. By Neils Christensen for Kitco News

he global silver market is on track to record its fifth consecutive structural deficit in 2025, with tightening supply, surging investor demand and record prices underscoring one of the most volatile years the metal has seen in more than a decade. Presenting at the Silver Institute’s yearly industry dinner in New York this week, Metals Focus MD Philip Newman and director of mine supply Sarah Tomlinson outlined a market shaped by liquidity stress, geopolitical uncertainty and an increasingly bullish investor base. By Creamer Media Reporter

In a recent interview with Kitco News, Matthew Piggott, Director of Gold and Silver at Metals Focus, said that even if the global economy slows, industrial consumption should continue to provide solid support for silver. By Neils Christensen for Kitco News

On India’s jewellery demand, Chirag Sheth, Principal Consultant–South Asia at Metals Focus said the bridal segment remains resilient while daily wear demand has softened. “People are waiting for prices to fall further,” he said, but added that wedding-related buying could lift demand in the near term. By Manisha Gupta for CNBC

ooking at demand, Metals Focus sees growth in 2025 flatlining as industrial fabrication takes a hit from the global tariff war. This could be tempered by an anticipated rebound in demand from physical investment in silver bars and coins. The silver market is expected to experience a substantial deficit of 117.6 million ounces in 2025, amounting to the sixth straight year of supply shortage for the metal. By Melissa Pistilli for Investing News Network

Metals Focus, a leading precious metals consultancy, announced the publication of Precious Metals Investment Focus 2025/2026, its flagship annual report on investment in gold, silver and platinum group metals. The report features comprehensive historical data and a forecast for 2025/26. By Modern Mining

Platinum has emerged as the breakout performer of 2025’s precious metals surge, soaring nearly 90 percent to its highest level in over a decade. Metals Focus weighs in on whether its strength will continue, as well as the outlook for palladium. By Melissa Pistilli for Investing News Network

Despite the recent slump in prices, analysts remain bullish on gold heading into next year, with many forecasting the yellow metal to reach the pivotal $5,000/oz. level. Metals Focus, a UK-based precious metals consultancy, was among those making such a prediction. In its annual report, the firm wrote that it expects gold to challenge the $5,000 level in 2026. For the entire year, prices could average $4,560/oz., representing a 33% upside over 2025 levels, it added. By Mining.com

Platinum has emerged as the breakout performer of 2025’s precious metals surge, soaring nearly 90 percent to its highest level in over a decade. Metals Focus weighs in on whether its strength will continue, as well as the outlook for palladium. By Melissa Pistilli for Investing News network.