Bank
Commerzbank: Rate cuts in H2 will drive gold to $5,000 and silver to $90 - Commerzbank
Kitco News · 30 Mar 2026 · Source
Silver: bullishGold: bullishFed and ratesGeopoliticsInflationUS dollarEnergy markets
- Commerzbank forecasts gold near $5,000 an ounce at the end of 2026 and $5,200 at the end of 2027.
- The bank expects silver to reach $90 by year-end 2026 and $95 by the end of 2027.
- Commerzbank expects the Federal Reserve to restart rate cuts late in 2026 and reduce rates by 75 basis points by mid-2027.
- It expects the Iran war to end before summer, easing energy-market inflation pressure and allowing markets to reprice rate-cut expectations.
- The bank remains bullish despite recent dollar strength and higher bond yields, citing falling real interest rates and a tight silver market.
Silver $90 by 31 Dec 2026Open
“The German bank sees silver prices rising to $90 by year-end and climbing to $95 by the end of 2027.”
Silver $95 by 31 Dec 2027Open
“The German bank sees silver prices rising to $90 by year-end and climbing to $95 by the end of 2027.”
Gold $5,000 by 31 Dec 2026Open
“The bank sees gold prices ending this year around $5,000 an ounce, up from December’s estimate of $4,900 an ounce.”
Gold $5,200 by 31 Dec 2027Open
“Commerzbank expects the rally to extend through 2027, with prices ending next year at $5,200 an ounce.”
