#JPMorganBitcoin JPMorgan Chase expects strong buying by central banks and investors to push gold prices to *$6,300 per ounce* by the end of the year, the bank said in a market brief.
#goldandsilverupdates The bank maintained that the medium-term outlook for gold remains strong, supported by a structural shift toward reserve diversification and sustained outperformance of real assets compared with paper assets.
JPMorgan now projects central bank gold purchases of around *800 tons* in 2026 due to the ongoing and still-unexhausted up-and-down trend.
In contrast, the bank adopted a more cautious stance on silver. While silver prices have traded near *$75 per ounce* in the past few weeks, JPMorgan said the drivers behind the rally have become less clear. Spot silver fell last week to *$76 per ounce*, after hitting a record high of *$122* only a few weeks back.
The bank noted that unlike gold, silver lacks consistent central bank support. However, it expects silver to hold a higher average floor of around *$75 to $80 per ounce* for now, despite recent declines.
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