Key Points
- Deutsche Bank predicts copper will have the highest short-term price potential in 2027.
- Gold is expected to follow, driven by low positioning, central bank purchases, and growing institutional demand.
- Silver is forecasted to have a weaker development due to increasing inventory levels and a shrinking industrial demand.
Understanding Deutsche Bank's Metal Price Predictions
Deutsche Bank's Daniel Ghali has made predictions about the metal price trends for 2027. According to Ghali, copper is expected to have the highest short-term price potential, followed by gold, and then silver.
The predictions are based on various market trends and factors, including the current supply and demand dynamics, central bank purchases, and institutional demand.
Ghali notes that the current market conditions are different from those in 2021 and 2022, with central banks and other state actors purchasing metals at a higher rate.
At a Glance
| Main Company | Deutsche Bank Research and investment bank |
| Main Executive | Daniel Ghali Head of Metal Analysis |
| Key Metal | Copper Expected to have the highest short-term price potential |
| Key Metal | Gold Expected to follow copper in price development |
| Key Metal | Silver Forecasted to have a weaker development |
Behind the Predictions: Market Trends and Factors
Market Trends and Factors
The predictions are based on various market trends and factors, including the current supply and demand dynamics, central bank purchases, and institutional demand.
Ghali notes that the current market conditions are different from those in 2021 and 2022, with central banks and other state actors purchasing metals at a higher rate.
Additionally, the number of institutional investors active in the gold market has increased by approximately 70% since 2021.
What to Expect from Gold, Silver, and Copper in 2027
What to Expect from Gold, Silver, and Copper in 2027
Based on Deutsche Bank's predictions, investors can expect the following:
- Copper: High short-term price potential
- Gold: Expected to follow copper in price development, driven by low positioning, central bank purchases, and growing institutional demand
- Silver: Forecasted to have a weaker development due to increasing inventory levels and a shrinking industrial demand
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