Bank of America Raises Gold and Silver Price Forecasts for 2025

According to PANews, Bank of America has revised its price forecasts for gold and silver for the upcoming year. The bank now expects gold prices to reach $5,000 per ounce, with an average of $4,400 per ounce. Silver prices are expected to rise to $65 per ounce, with an average of $56 per ounce. The bank indicates that the severe imbalance in the physical silver market may balance out at some point, potentially increasing volatility.