Thursday , 7 December 2023

May Update: The 9 Latest Gold & Silver Price Forecasts

More and more analysts have been forecasting recently that gold will be going to $3,000-$5,000 per troy ounce (ozt.) over the next few years with a few even suggesting that we could see $10,000-$20,000/ozt.. Below is a list of the most recent analyst projections with hyperlinks to the source.

By Lorimer Wilson, Founder & Managing Editor of and a frequent contributor to,, and

  1. Lawrence Lepard is betting that gold hits $3,000 per troy ounce (ozt.) within the next 2 years. Source
  2. Briton Hill says gold could trade from $2,500-$3,000/ozt. and silver at $50/ozt. in the next 2 years. Source
  3. Tony Dobra believes the situation in Ukraine should see gold topping $2,100/ozt. later this year and then that, anything is possible with $3,000/ozt. more likely than not. Source
  4. Jordan Roy-Byrne has upside targets for gold of $3,000$4,000/ozt. in 2024 and silver breaking $50 ozt.. Source
  5. Investors Alley forecasts that, given the current environment of rising inflation, negative real yields, a weaker dollar, and ongoing monetary dilution, gold should rise to $3,000 -$10,000/ozt. in 5 years time. Source
  6. Stan Bharti believes gold is going to between $4,000-$5,000/ozt. in this cycle. Source
  7. Ralph Wakerly believes gold could easily reach $5,000/ozt., maybe more, within 3-6 years. Source
  8. Stephen Leeb believes gold could easily vault to $5,000/ozt. overnight if the metal starts to be mentioned as forming part of a new monetary system and will ultimately reach $20,000/ozt.. Source
  9. Arthur Hayes argues central banks will choose to load up on gold instead of dollars causing gold to rise beyond $10,000/ozt.. Source

My previous recaps of gold and silver price forecasts were:

  • in February, 2022, (see here) with 9 more analysts projecting a future gold price of $3,000-$15,000/ozt.
  • in February, 2022 (see here) with 7 analysts forecasting silver prices of from $30/ozt. to $1,350 going forward and
  • in June, 2021, (see here) with 25 analysts forecasting gold going up to between $3,000 and $25,000/ozt. by the end of the decade.

What do you think of the above price forecasts? Have your say in the “Comments” section. Also, if I have missed other analyst forecasts (they must be since the beginning of 2022) please mentioned them below and I will include them in a future article. has joined to provide you with individual company research articles and specific stock recommendations in addition to munKNEE’s more general informative articles on the economy, the markets, and gold, silver and cannabis investing.
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