Bank of America Forecasts Gold and Silver Prices to Surge in 2025

Bank of America has updated its price predictions for gold and silver, anticipating significant increases in the coming year. The bank now expects gold prices to reach up to $5,000 per ounce with an average price of $4,400. Silver is predicted to rise to $65 per ounce, averaging a higher value of $56 per ounce. However, the bank points out that the imbalance in the physical silver market may eventually stabilize, potentially increasing price volatility as a result.