Precious Metals Update: What’s Fueling Gold & Silver Now

By Franklin Metals Group

Amid global economic shifts and evolving market dynamics, both gold and silver continue to capture investor interest. Let’s dive into the key stories shaping today’s precious-metal landscape.

Gold Rallies on Safe-Haven Demand & Weak Dollar

Gold climbed over 1% on July 1, hitting around $3,338/oz, driven by a softer U.S. dollar, Senate passage of a tax-and-spend bill, and rising tariff worries ahead of July 9  .

• Those headline dynamics—tariff risk and government spending—boost gold as a hedge against uncertainty.

• HSBC released guidance that, while forecasting some volatility, reinforced gold’s role as a safe-haven and investment diversifier ().

HSBC Lifts Gold Forecasts

HSBC now projects 2025 average gold near $3,215/oz (up from $3,015) and $3,125 for 2026 (up from $2,915). The bank sees a volatile range of $3,100–$3,600 through year-end, with central-bank flows and tariff politics keeping markets active  .

Silver Steadies at Multi‑Year Highs

Silver remains firm around $36–$36.60/oz, hovering near 1-week highs as its correlation with gold continues  .

• Analysts note industrial demand, coupled with safe-haven flows, could push silver toward tests of $37.50 in the coming weeks  .

What This Means for Franklin Metals Group Clients

• Buyers & Investors: A soft dollar and fiscal uncertainty support favorable entry points in gold and silver.

• Industrial Users & Recycling Partners: Stable pricing around current levels allows for smoother sourcing, recycling, and margin planning.

This environment favors a balanced strategy—hedging with bullion holdings and planning ahead on industrial supply.

Our Offerings in Context

At Franklin Metals Group, we support your metal needs with:

• Certified sourcing: Access investment-grade gold & silver with transparent pricing.

• Efficient recycling: Recover maximum value from silver-containing materials.

• Secure logistics: From transport to storage, we’ve got you covered.

 In Summary

Gold’s safe-haven appeal and silver’s industrial resilience are reinforcing each other. With HSBC’s upgraded forecasts and current price levels suggesting strategic buy zones, this moment offers both investors and industry clients an opportunity to act decisively.

Sources:

• Reuters: Gold up on weak dollar & tariff risk 

• Reuters: Silver near multi‑year highs; industrial demand noted 

• Reuters/HSBC: Upgraded gold forecast, wide volatility window for 2025–26