Silver is poised to outperform gold over the next few years, according to Rick Kanda, Managing Director at U.K.-based dealer The Gold Bullion Company. Speaking with Investing.com, Kanda noted that while both metals will benefit from favorable economic conditions, silver's industrial demand will drive sharper gains compared to gold's traditional safe-haven appeal.

Kanda's outlook comes as precious metals markets show volatility, with gold recently hitting record highs above $5,500 per ounce before retreating. The analyst pointed to China's central bank maintaining strong gold reserves while ETF demand from Asia remains a critical price driver. However, he warned that a reversal in Asian ETF demand could trigger a meaningful pullback in gold prices.

For silver, Kanda forecasts prices could reach between $135 and $309 by year-end 2026, citing gold-to-silver ratio compression and robust industrial demand. Gold is expected to reach around $6,000 per ounce if central bank buying remains aggressive. The predictions reflect broader market dynamics including geopolitical tensions and monetary policy shifts that continue to influence precious metals valuations.