LBMA Annual Precious Metals Forecast Survey 2023
The contents of this article, accurate at the time of publishing, is for general information purposes only, and does not constitute investment, pensions, legal, tax, or any other advice. Before making any investment or financial decision, you may wish to seek advice from your financial, pensions, legal, tax and/or accounting advisors.
According to London Bullion Market Analysis’ recent Forecast Survey, analysts are cautiously optimistic about some of the precious metal prices in 2023. They predict the prices of gold and silver respectively to be 3.3% and 8.8% higher on average by the end of this calendar year compared to their average prices in 2022. In the meantime, the analysts predict Palladium to prepare for a negative sentiment for price, with a fall of 14.3% compared to the precious metal’s price in the previous year. The report also mentions the analysts’ bullish view to the performance of platinum, with an increase of 12.5% forecast against 2022 prices.
The report is based on a survey conducted amongst 24 analysts across the world. It considered the analysts' individual forecasts and commentary, revealing their insights behind their forecasts for highs, lows, and average prices for the precious metals - gold, silver, platinum, and palladium.
To read the full LBMA Annual Precious Metals Forecast Survey 2023, please click here.
This article may include references to third-party sources. We do not endorse or guarantee the accuracy of information from external sources, and readers should verify all information independently and use external sources at their own discretion. We are not responsible for any content or consequences arising from such third-party sources.