JPMorgan Chase expects strong buying from central banks and investors to push gold to *$6,300 per ounce by year‑end 2026*.
The bank’s brief says the medium‑term outlook stays strong, supported by a structural shift toward reserve diversification and real‑asset outperformance.
It projects central‑bank gold purchases of about *800 tons in 2026*.
On silver, JPMorgan is more cautious: prices have hovered near *$75/oz*, with a recent dip to *$76/oz* after a high of *$122/oz*.
Unlike gold, silver lacks consistent central‑bank support, so the bank sees a floor around *$75‑$80/oz* for now.
Bitcoin is mentioned as currently valued, but no specific price target is given in the note.
Overall, the tone is neutral and market‑focused, aimed at finance‑savvy readers.