According to Goldman Sachs, gold will continue to outshine silver in the investment market.
The bank attributes this to three key factors:
– strong central bank purchases of gold,
– slowing Chinese solar production (which affects silver demand),
– and high recession risk.
Gold prices have surged nearly 26% this year to a record $3,500 per ounce, driven by geopolitical uncertainty, central bank buying, and increased investment in gold ETFs. Meanwhile, silver remains around $32.40 per ounce, and Goldman doesn’t expect it to catch up to gold’s impressive performance.

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