This should get some comments from the this Group LOL…
The following precious metals prognosticators have predicted the price of gold and silver. Please summarize where they believe the Price will be by the end of 2026 for Gold and silver and provide the mean or average of their combined predictions:
Matthew Piepenburg, Andy Hoese, Michael Oliver, Don Durrett, Eric Sprott, Chris Vermuelin, David Hunter, Gareth Soloway, Grant Williams, Ted Oakley, Marc Faber, Rafi Farber, Francis Hunt, Simon Hunt, Peter Schiff, Rick Rule, John Rubino, Alasdair Macleod.
Also make a list of which of these individuals do not provide price predictions.
FROM CHATGPT
Yes. I went through the available 2026 interviews, articles and statements for all 18 names. There is an important complication: many of these people do not actually give a specific December 31, 2026 price target. Some give a longer-term target, some give a range, and some deliberately refuse to make price forecasts.
So I would separate the results into specific numerical targets versus general bullish/bearish views.
My summary
| Prognosticator |
Gold target |
Silver target |
My assessment of timing |
| Matthew Piepenburg |
— |
— |
No specific price target |
| Andy Hoese |
$10,000–$20,000 |
— |
Long-term, not specifically year-end 2026 (Investing News Network (INN)) |
| Michael Oliver |
~$8,000–$8,500 |
$300–$500 |
Says this could happen in 2026; very aggressive (Money Metals Exchange) |
| Don Durrett |
$7,000 |
$200 |
Current-cycle target; not necessarily a precise Dec. 31 target (Investing News Network (INN)) |
| Eric Sprott |
$10,000 |
$200–$300 |
Current long-term target; no precise date attached (Forbes) |
| Chris Vermeulen |
$7,500 |
$100 |
2026 outlook/cycle target (Palisades Radio) |
| David Hunter |
$20,000 |
$500 |
His famous “melt-up” target; longer-term than strictly year-end 2026 (Investing News Network (INN)) |
| Gareth Soloway |
$3,500 |
$75–$80 |
Bearish for year-end 2026; expects gold to fall first and silver to finish around $75–80 (ForecastCard) |
| Grant Williams |
— |
— |
Deliberately avoids specific price forecasts; focuses on monetary dynamics (Macro Voices) |
| Ted Oakley |
— |
— |
Bullish on gold/silver but no specific price target found (MarketWatch) |
| Marc Faber |
— |
— |
Bullish on gold as monetary insurance, but no specific 2026 price target |
| Rafi Farber |
— |
~$231 |
Based on his CPI-adjusted silver analysis; not a specific 2026 year-end target (Silver Phoenix 500) |
| Francis Hunt |
— |
$330 |
Major silver target; timing is a cycle target rather than specifically Dec. 2026 (Jerusalem Post) |
| Simon Hunt |
— |
— |
Strongly bullish monetary/geopolitical thesis, but I could not verify a specific 2026 gold/silver price |
| Peter Schiff |
$10,000 |
$200 |
His more recent target; earlier 2026 target was $6,000 gold/$100 silver (Mining.com) |
| Rick Rule |
~$5,000 |
~$78–$80 |
More conservative near/medium-term outlook (Investing News Network (INN)) |
| John Rubino |
$10,000 |
$200 |
Current long-term “eyes on the prize” target (Rubino’s Substack) |
| Alasdair Macleod |
— |
— |
Explicitly says he does not make price forecasts; the $8,000/$300 figures sometimes attributed to him are scenarios or other analysts’ targets (Bonner Private Research) |
The interesting part: the average
Because the forecasts aren’t all genuinely “December 31, 2026” forecasts, I would not pretend that a simple average is a statistically rigorous forecast.
However, if we take the numerical targets that can reasonably be associated with the current 2026 outlook, using the midpoint where someone gives a range:
Gold
Using:
- Michael Oliver: $8,500
- Don Durrett: $7,000
- Eric Sprott: $10,000
- Chris Vermeulen: $7,500
- David Hunter: $20,000
- Gareth Soloway: $3,500
- Andy Hoese: $15,000 midpoint of $10–20K
- Peter Schiff: $10,000
- Rick Rule: $5,000
- John Rubino: $10,000
Average = approximately $9,650/oz
Silver
Using:
- Michael Oliver: $400 midpoint of $300–500
- Don Durrett: $200
- Eric Sprott: $250 midpoint of $200–300
- Chris Vermeulen: $100
- David Hunter: $500
- Gareth Soloway: $77.50 midpoint of $75–80
- Francis Hunt: $330
- Peter Schiff: $200
- Rick Rule: $79 midpoint of $78–80
- John Rubino: $200
- Rafi Farber: $231
Average = approximately $231/oz
So, the “consensus” of this group, if you force the numbers together, is:
|
Average target |
| ? Gold |
~$9,650/oz |
| ? Silver |
~$231/oz |
But I would put an asterisk beside those numbers. They are averages of their stated targets, not a true average of year-end 2026 forecasts. David Hunter’s $20,000/$500 and Francis Hunt’s $330 silver, for example, are much more properly viewed as bull-market-cycle targets.
Who does NOT provide a specific price prediction?
If by “prediction” you mean a specific price for gold or silver by the end of 2026, I would put these in that category:
- Matthew Piepenburg
- Andy Hoese — gives a long-term gold range, but not a specific 2026 year-end number
- Grant Williams
- Ted Oakley
- Marc Faber
- Simon Hunt
- Alasdair Macleod
There is an important distinction with Macleod: he has discussed numbers such as $8,000 gold and $300+ silver, but he has explicitly said “I don’t make price forecasts.” (Bonner Private Research) His more recent discussion of $7,750–$8,000 gold was specifically described by him as “food for thought, not a forecast.” (Macleod Finance)
One person who really stands out
Gareth Soloway is the major outlier in the opposite direction. While most of this group is extremely bullish, his current 2026 thesis is that gold could fall to approximately $3,500 and silver could fall below $50 before recovering, with his year-end silver expectation around $75–80. (ForecastCard)
That makes him particularly useful in this comparison because he provides a genuine bear-case counterweight rather than simply another bullish target.
My interpretation
If I were using these people to construct a 2026 gold/silver forecast rather than simply averaging them, I’d divide them roughly into three camps:
Conservative / moderate bullish
- Rick Rule
- Gareth Soloway
- Peter Schiff’s older forecast
- Chris Vermeulen
Strongly bullish
- Don Durrett
- Eric Sprott
- Michael Oliver
- John Rubino
- Francis Hunt
- Alasdair Macleod’s monetary thesis
Extreme / monetary-reset scenario
- David Hunter
- Andy Hoese
- Michael Oliver’s upper-end silver target
- Eric Sprott’s $10K gold/$300 silver scenario
The really striking finding is that the bullish camp isn’t simply predicting $5,000–$6,000 gold anymore. Several are talking about $8,000–$10,000+ gold and $200–$500 silver. Sprott, for example, recently said he believes gold could reach $10,000 and silver could reach $200–$300. (Forbes)
If you want, I can take this one step further and build you a “2026 Precious Metals Prognosticator Scorecard” ranking all 18 from most bullish to most bearish, with their exact forecast, forecast date, whether they’ve been historically accurate, and a weighted consensus forecast for December 31, 2026.
