Gold and silver prices have fluctuated significantly, but multiple institutions predict that precious metals still have room to rise this year.

PANews reported on January 11th that, according to Zhitong Finance, precious metals, which performed strongly in 2025, continued their bull market in the first full trading week of 2026, with both gold and silver futures prices rising cumulatively, but volatility significantly increased. Wall Street investment bank Goldman Sachs pointed out that silver trading is expected to continue to face high volatility and uncertainty compared to gold trading. According to analyses from multiple financial institutions, two factors exacerbated the downward pressure on precious metal prices this week. First, the Bloomberg Commodity Index initiated its annual rebalancing adjustment this week, significantly reducing the weighting of precious metals. Analysts say this rebalancing adjustment is expected to trigger passive selling by index-tracking funds, putting profit-taking pressure on gold and silver. Second, the CME Group raised margin requirements for gold, silver, platinum, and palladium futures again after Friday's close. This is the third time in the past month that the CME Group has raised precious metal futures margin requirements. The silver margin requirement was increased by 28.6% this time. Significant increases in margin requirements by exchanges typically curb high-leverage and speculative trading. However, many institutions predict that even with short-term downward pressure, precious metal and industrial metal prices still have room to rise this year.