Despite recent weakness, demand outlook for silver remains firm, says Chirag Sheth. Gold may gain as US economic slowdown raises hopes of Fed rate cuts.
HomeMarket NewsMetals Focus sees silver climbing to $42–$45 per ounce, expects gold to touch $4,000 in 2026
Despite recent weakness, demand outlook for silver remains firm, says Chirag Sheth. Gold may gain as US economic slowdown raises hopes of Fed rate cuts.
Silver briefly weakened due to two factors – lower base metal prices and discussions in the US about cutting tax benefits on green energy. These affected sentiment since silver is used in electric vehicles and solar panels.
However, Sheth said, “We don’t see any major impact on the demand supply as of now.”
Metals Focus continues to expect silver to reach $42–$45 per ounce and recommends staying invested.
On gold
, Sheth noted that it had been under pressure recently but may now be finding support. The trigger seems to be the latest US job data, which suggests a softening in the economy. “Probably you are now seeing the first signs of weakness in the US economy,” he said.
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This slowdown, combined with inflation concerns, is leading markets to expect rate cuts from the US Federal Reserve. That, in turn, is boosting gold prices. Sheth added, “The market is now trying to price in two rate cuts.”
Looking ahead, Metals Focus sees room for gold to climb further. It expects gold to rise to $3,700–$3,800 per ounce by the end of the fourth quarter of FY26 and possibly touch $4,000 an ounce in 2026.
For the full interview, watch the accompanying video
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(Edited by : Anshul)
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