At the end of 2025, the precious metals market experienced a plunge and technical recovery. Wmax analyzed the trading mechanism, macro variables and liquidity risks behind the fluctuations in gold and bank prices.

The precious metals market will usher in a super bull market in 2025. Gold hit a new all-time high of $4,480 50 times during the year, and silver soared 140% to above $70. Geographical conflicts, expectations of interest rate cuts by the Federal Reserve, large-scale gold purchases by the central bank, and an influx of ETF funds have all contributed to the market trend. Gold serves as portfolio ballast and can significantly reduce risk. The outlook for 2026 is optimistic, and Goldman Sachs has a target of $4,900. It is recommended to seize short-term opportunities and make long-term allocations.