Gold could reach $6,500 in 2026 as silver risks rise, says BMO

Gold and silver prices were slightly higher on Friday even as the yellow metal struggled for further upside above $5,000 per ounce.  Geopolitical tensions in January have spurred a shift in the outlook for gold, moving it from a conservative base case to a more bullish trajectory.  Conversely, Helen Amos, managing director and commodities analyst at BMO Equity Research, advised caution regarding silver, citing the recent unwinding of speculative trading that had driven the market. In a recent BNN Bloomberg interview, Amos addressed the current sentiment surrounding gold, stating that “There’s still a lot of excitement over the space.”  Despite recent volatility, she affirmed that “fundamentally investors still like metals and mining.” Her advice to investors is to “stay in…