Gold and Silver rally on Middle East tensions: Gold may reach $6,500, Silver Targets $150

The current geopolitical situation, with the Middle East at the center of tensions, has immediately driven commodity markets higher, particularly gold.

The precious metal, traditionally seen as a safe haven, rose 3.11% at Monday’s market open, surpassing $5,409 per ounce and approaching the record highs of late January, when it had reached $5,600 per ounce.

The main driver behind this move was clear: missile strikes by the United States and Israel against Iran pushed investors toward safe-haven assets in global precious metals markets. Monday’s escalation further fueled an already strong rally, with gold posting remarkable gains and recording an increase of roughly 65% over 2025.

Analysts remain cautious about the risk of a prolonged conflict and predict that gold could reach $6,500.

Silver is following the same upward trend, rising 2.4% today. Analysts suggest that this rebound could push silver toward its all-time high of $120.

Given the high volatility in precious metals markets and the growing demand for safe-haven assets, silver could surpass $120 during 2026 and even target $150.

Benedetta Zimone