Gold and Silver Face Turbulent 2026: CPM Group Predicts Sharp Price Surges Ahead

As gold and silver reach historic highs, industry analysts are positioning for even more dramatic movements in the coming year. CPM Group’s managing partner Jeffrey Christian believes the precious metals market is poised for significant volatility that will fundamentally reshape investor behavior.

The foundation for this outlook rests on a straightforward thesis: market turbulence drives safe-haven demand. According to Christian, the geopolitical and economic landscape of 2026 will prove more unstable than the current environment, prompting a wave of capital inflows into traditional wealth preservation assets.

Why Precious Metals Will See Sharp Price Movements

Christian’s analysis points to a direct correlation between global uncertainty and precious metal valuations. When investors face deteriorating confidence in traditional financial systems or currency stability, they instinctively turn to gold and silver as counterbalances. This defensive positioning historically manifests as sudden, substantial price increases rather than gradual appreciation.

The managing partner explicitly stated: “We expect gold and silver prices to spike higher than current levels at various points throughout 2026.” This isn’t a prediction of consistent gains, but rather episodic surges responding to specific crisis events or policy shifts.

Market Mechanics Behind the Forecast

The anticipated price spikes reflect several converging factors. First, both metals are already near record valuations, reducing downside risk for risk-aware investors. Second, the probability of unexpected shocks—whether geopolitical, monetary, or systemic—remains elevated. Third, institutional and retail investors increasingly recognize precious metals as essential portfolio ballast.

What distinguishes 2026 from previous years is the expected intensity of these moves. Rather than steady climbing, Christian anticipates sharp rallies punctuating the calendar as new crises demand immediate capital reallocation into safe havens.