Gold and Silver Price Projections Next Week Still Potentially Strengthen, But Limited

Gold and silver prices continued to rise last week, but this increase is considered not yet reflecting a trend change amid still high global geopolitical uncertainty.

Based on Trading Economics data, at the close of trading on Friday (17/4/2026), spot gold prices closed at US$ 4,833 per troy ounce, up 1.72% compared to the previous week.

Meanwhile, weekly silver prices strengthened further, rising 6.71% to US$ 80.75 per troy ounce.

Doo Financial Futures Chief Analyst Lukman Leong assesses that the strengthening of these two precious metals remains limited.

“As long as there is no certainty from the geopolitical conflict, the increase in gold and silver prices will tend to be limited,” Lukman told Kontan, Friday (17/4/2026).

However, at the same time, the US dollar (US) is beginning to weaken, reflecting investor expectations of achieving peace sooner than expected.

He believes that both gold and silver are still attractive for collection. However, their characteristics differ, so they need to be adjusted to the investor's risk profile.

“Gold acts more as a safe haven, while silver has a more speculative character because it is also supported by industrial demand, especially from the renewable energy sector,” he explained.

Lukman added that the recent gold price increase has also been supported by demand from central banks and global investors who are starting to reduce dependence on fiat currencies, especially the US dollar.

From a strategic perspective, he recommends investors diversify their gold investment allocations across different time horizons, namely short-term, medium-term, and long-term.

For the short-term, investors are advised to enter during a significant correction, for example around US$ 100, with profit targets in the range of US$ 100– US$ 200.

For the medium-term, a similar strategy can be applied by waiting for a larger correction and aiming for higher gains.

For the long-term, investors can make gradual purchases using the dollar cost averaging method, whether prices are rising or correcting.

Looking ahead, Lukman estimates that in Q2-2026, gold prices will move in the range of US$ 4,500 to US$ 5,000 per troy ounce, while silver will be between US$ 80 and US$ 100 per troy ounce, amid ongoing geopolitical conflicts.

However, if the conflict de-escalates, gold prices could rise to around US$ 5,100– US$ 5,500 per troy ounce, and silver to US$ 100– US$ 120 per troy ounce.

Furthermore, by the end of the year, Lukman projects gold prices could reach US$ 6,000– US$ 6,200 per troy ounce, while silver has the potential to rise to around US$ 140– US$ 160 per troy ounce.

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