Gold and Silver Price Trends and Predictions for June 2026

Gold and silver prices have shown significant changes throughout 2026. While gold set records almost monthly in 2025, with prices rising from $3,865 on October 1, 2025, to over $5,000 in January, silver prices experienced even more notable growth. Silver jumped from $47 per ounce to surpass $100 for the first time, peaking at $116. However, since then, both gold and silver prices have declined. As of May 25, gold stands at $4,463 and silver at $74 per ounce, reflecting a double-digit drop from their January highs.

Several factors have contributed to this downturn. The ongoing conflict in Iran has elevated energy prices, diverting money from traditional assets like gold. Additionally, the Federal Reserve’s interest rate policy might make interest-paying investments like bonds and CDs more attractive than non-yielding metals.

Despite the recent dip, the long-term perspective remains positive. In the past 12 months, gold has increased by 36% and silver by 133%, making a temporary cooling period foreseeable. Investors may find it advantageous to invest in gold and silver now before prices potentially rise again. With the year halfway through, specialists in precious metals were consulted on what could happen to gold and silver in June.

Gold Price Forecast for June 2026

Diverse opinions among experts reflect the complex market conditions. Thomas Winmill, portfolio manager at Midas Funds, predicts a gold price decline from 0% to 5% in June, citing seasonal data that indicates lower global jewelry demand during this period. He notes, “price-sensitive fabricators typically restock gold during the autumn months to meet demand for Asia’s wedding season.”

On a different note, Deric Ned, founder of Gold Safe Exchange, foresees gold prices remaining between $4,400 and $4,800 for June, with a potential rise later in the month. “My base case is $4,650 to $4,750. If geopolitical tensions escalate or the dollar weakens, prices over $4,800 could be expected.” He points to factors like the closure of the Strait of Hormuz, central bank buying, and U.S. Federal Reserve policies as key influences.

Brett Elliott of APMEX anticipates a broad range for gold prices, from $4,050 to $4,950 in June, with more likelihood between $4,300 to $4,725 unless major catalysts emerge. Elliott links the negative correlation of gold and oil prices to ongoing conflicts, influencing gold’s volatile short-term outlook. “If hostilities surge, we might see a drop. Conversely, peace could propel prices upwards,” Elliott says.

Silver Price Predictions for June 2026

Experts also have varying views on silver’s potential trajectory in June. Winmill anticipates a 10% to 15% decline as investors become sellers at the current price plateau. “We foresee increased selling from individuals and institutions as prices stabilize,” Winmill notes, questioning silver’s ability to maintain current levels long-term.

Ned projects silver prices between $72 and $88 in June, envisioning a base at $80 to $85. “Silver reacts more sharply both upwards and downwards compared to gold. A resolution in Iran and currency shifts could quickly restore prices, possibly reaching $90.” Yet, if industrial demand dwindles and interest rates rise, prices could touch $70. Ned stresses that the demand from sectors like solar and AI will likely prevent prices from falling below $60.

Elliott believes silver might trade between $60 and $100 but expects more action between $70 and $90. With investment demand easing, pressure exists to lower prices, though continued shortages maintain upward support. “The shortage may dwindle, but it hasn’t vanished, guaranteeing silver stock levels remain thinner than before,” states Elliott.

For potential investors considering a portfolio shift to precious metals, options include buying physical bars and coins, investing in gold stocks, ETFs, or even gold IRAs. Financial experts suggest keeping metals to 5% to 10% of your total portfolio. Before investing, consult a financial advisor to ensure precious metals enhance your financial strategy effectively.