Jim Rickards’ Outlook on Gold and Silver

Jim Rickards, a prominent economist and financial strategist, has delivered bold forecasts for the precious metals market, projecting a strong bullish cycle for both gold and silver through 2026.

Jim Rickards Projects a Bullish 2026 for Gold and Silver

In a recent interview, Rickards emphasized that the core drivers behind the current gold bull market remain firmly intact and are likely to persist well into 2026. He points primarily to sustained central bank accumulation alongside limited growth in global supply as key structural supports for higher prices.

Beyond these traditional factors, Rickards highlighted emerging, non-conventional demand sources that could further accelerate price appreciation. Institutional investors—such as sovereign wealth funds, pension funds, and university endowments—are increasingly allocating capital to gold, adding a new layer of demand to the market.

Jim Rickards SHOCKS: Gold to $10,000 by 2026 & Silver to $200 – “It’s Just Getting Started”

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— ITM Trading (@ITMTrading) December 22, 2025

In addition, Rickards noted a growing trend of de-risking away from seizable or politically exposed assets. According to him, major holders of U.S. Treasury securities are diversifying into gold amid rising geopolitical and financial uncertainty, reinforcing gold’s role as a strategic reserve asset.

On silver, Rickards explained that pricing dynamics are heavily influenced by physical settlement risks in a market dominated by paper contracts. He observed that paper silver outweighs available physical supply by an estimated ratio of 100:1, creating the potential for sharp price repricing if physical demand intensifies.

Summarizing his outlook, Rickards stated that gold could reach as high as $10,000 per ounce before the end of 2026, with silver following suit toward $200 per ounce. This could help gold traders generate forex signals. He added that recent price action—gold surpassing $4,500 and silver trading above $70—already reflects the early stages of this broader move.

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