Silver Rises Over 120% YTD 
Major Wall Street institutions are significantly raising their gold price forecasts as the precious metal continues its impressive rally, currently trading at $2,941 per ounce.
UBS analyst Joni Teves has projected gold prices could surge to $3,200, citing a combination of bullish sentiment, untapped investor potential, and robust official sector demand. The bank notes that investors, having missed several buying opportunities in 2024, are now more likely to act swiftly on price corrections.
Meanwhile, Goldman Sachs has revised its 2025 forecast upward to $3,100 from $2,890, primarily due to increased central bank demand. Their analysts suggest prices could even reach $3,300 by year-end if policy uncertainties, including tariff concerns, remain elevated.
This unified bullish stance from major financial institutions points to sustained momentum in the gold market, with safe-haven demand continuing to drive prices higher amid ongoing macroeconomic uncertainty.
