Analysts predict that 13% of total open interest in silver on the New York Mercantile Exchange will be sold off, potentially driving prices lower.

Gold and silver prices rose at the start of trading in 2026. Tim Waterer, chief market analyst at KCM Trade, stated that precious metals continued their upward trend in 2026, with year-end liquidation pressure easing and fundamentals once again becoming the focus. Bitcoin's rise also marked the beginning of 2026. Daniel Ghali, senior commodities strategist at TD Securities, stated in a report that he expects up to 13% of total open interest in Comex silver to be sold off in the next two weeks, leading to a significant price revaluation and decline. Low liquidity after the holidays could amplify price volatility. Goldman Sachs stated last month that its benchmark forecast for gold prices is $4,900 by December 2026. Major banks are bullish on gold prices this year, citing factors including the Federal Reserve's expected further interest rate cuts and the US president's potential reshuffling of the Fed's leadership. (Jinshi)