Gold and silver prices have seen significant changes throughout 2026. Last year, gold set multiple record highs, climbing from $3,865 on October 1, 2025, to surpass $5,000 in January. Silver showed even more extraordinary gains, moving from $47 to over $100 per ounce, peaking at $116. However, prices for both metals have since declined. As of May 25, gold is priced at $4,463, and silver at $74 per ounce. This represents considerable drops from their January highs.
Several factors have contributed to this downturn. The ongoing Iran conflict has increased energy prices, redirecting investments away from safe havens like gold. The Federal Reserve’s interest rate policies also play a role. Rising rates might make gold and silver less attractive compared to interest-bearing investments such as bonds, CDs, and high-yield savings accounts.
Despite the recent declines, the long-term perspective offers some hope. Gold has risen 36% over the past year, and silver has surged by 133%. After this exceptional performance, a market cooling was expected. Given the potential for future price increases, considering gold and silver investments right now might be wise. At the year’s midpoint, experts have shared their expectations for gold and silver in June.
Gold Price Predictions for June
Opinions vary among precious metals experts regarding gold prices in June, reflecting the market’s current state. Thomas Winmill, a portfolio manager at Midas Funds, forecasts a decline between 0% and 5%. He attributes this to seasonal trends where global jewelry fabricators, sensitive to prices, tend to reduce their gold restocking during June and July.
Conversely, Deric Ned, CEO of Gold Safe Exchange, expects gold prices to stay between $4,400 and $4,800. He anticipates prices could rise by month’s end. If the Iran conflict intensifies or the dollar weakens, prices exceeding $4,800 are possible. Alternatively, if inflation accelerates and the Fed becomes more aggressive, gold might drop to $4,400.
Ned identifies several factors influencing gold prices, such as the closure of the Strait of Hormuz, continued central bank purchases, and the Federal Reserve’s interest rate policy. He mentions that the Fed is in a difficult position, with no good options. Despite a hot April CPI and trader expectations of a potential rate hike, gold prices remain resilient. Ned compares this situation to the stagflation in the 70s and 80s, which favored gold.
Brett Elliott from APMEX predicts a wide price range between $4,050 and $4,950 for June, with a likely trading range between $4,300 and $4,725 unless major events occur. Elliott notes that gold has become correlated with oil due to the Iran conflict. Higher oil prices could lead to higher interest rates, which traditionally depress gold prices.
Silver Price Predictions for June
Experts also have varying predictions for silver. Winmill anticipates a 10% to 15% decline as sellers accept current price levels. He is somewhat pessimistic about silver’s longer-term prospects.
Ned expects silver to trade between $72 and $88, with a possible rebound to $90 if there is resolution in Iran and the dollar weakens. Conversely, if industrial demand decreases and the Fed adopts a hawkish approach, silver could drop to $70. However, Ned sees strong demand for solar and AI infrastructure as reasons why silver might not fall below $60.
Elliott provides a broader forecast, suggesting silver could trade between $60 and $100, with most activity between $70 and $90. Investment demand cooling could decrease prices, yet silver’s shortage, albeit shrinking, continues to support price increases.
Investment Considerations
Those considering adding gold or silver to their portfolios have several options, including physical bars and coins, stocks, ETFs, and IRAs. Financial experts generally advise keeping precious metal investments within 5% to 10% of your portfolio. Weigh the pros and cons carefully, and consulting a financial advisor might be beneficial. If precious metal investments align with your financial plans, buying now before prices increase could be advantageous.