Institution: The upward trend of gold and silver is strong, and silver is expected to reach $80 by the end of the year.

Boosted by expectations of a rate cut by the Federal Reserve and heightened geopolitical tensions driving demand for safe-haven assets, silver prices broke through the $76 mark on Friday, rising by up to 6% intraday; gold and platinum prices also hit historic highs. Peter Grant, Vice President and Senior Metal Strategist at Zaner Metals, stated that expectations of further policy easing by the Federal Reserve in 2026, a weak dollar, and escalating geopolitical tensions were driving price volatility in a lackluster market. Although there may be some profit-taking risks before the end of the year, the uptrend remains robust. It is possible for silver to hit $77 or even $80 per ounce before the end of the year. As for gold, the next target is $4686.81 per ounce and it could reach $5000 in the first half of next year.