CollectionsJan 29, 2026
Ghirardelli’s ‘Chocolocket’ Returns for Valentine’s DayThe chocolatier is bringing back its chocolate-inspired locket, offering sets of two to celebrate “perfect pairs.”
OtherJul 14, 2014
Second firm predicts stable precious metal prices
Another analyst has told National Jeweler that he expects gold and silver prices to remain relatively steady in the foreseeable future, as investors normalize their approach to buying in light of the improving global economy.
New York--The wild ride is over, or at least on pause, for now.
A second precious metals analyst told National Jeweler that he expects gold and silver prices to remain relatively steady in the foreseeable future, as investors normalize their approach to precious metal buying in light of the improving global economy.
Philip Newman, a director at London-based Metals Focus, which just published its silver five-year forecasting quarterly, said that the per-ounce price of silver has picked up as of late due to uncertainty in the Middle East and concerns about the banking sector in Portugal.
After trading at $18 to $19 per ounce, the metal is now trading above $20, closing Monday at $21.13 per ounce on the London fix, according to Kitco.com.
The same has been seen with gold (the per-ounce price of the two metals broadly moves in tandem), which was trading around $1,250 per ounce before topping $1,300 again, closing Monday at $1,306 per ounce on the London PM fix, according to Kitco.com.
Newman said he does not see the metals continuing to build on these gains and expects a correctional slump later in the year, but not a massive one. Prices for both metals will trade in a narrow range for the foreseeable future, hitting a low at some point in 2015.
He said there is less volatility in the metals markets now because investors are balancing their portfolios. This mirrors the forecast recently given by Andrew Leyland, a London-based metals analyst with GFMS, Thomson Reuters, who described silver, gold and platinum prices as “range-bound” in a quiet market.
RELATED CONTENT: Metal prices expected to remain relatively steady
The price is not being driven up precipitously by investors rushing into the market to buy massive amounts of precious metals as they did in 2008, 2009 and 2010. On the flip side, it also is not seeing a great drop in price, which occurred in 2013 and earlier this year when many investors exited at once.
On the demand side, Newman said that silver jewelry has been picking up in recent years in the U.S. He said the market also saw increased demand for karat gold jewelry last year, though this isn’t expected to have a long-term impact on silver.
“The sticker-price shock of 2011, 2012 has faded. As karat gold comes back (though) I don’t see it taking real estate
Editors' Picks
Sponsored by
from silver jewelry,” Newman said, noting that consumers’ return to buying 10- and 14-karat gold is more likely to detract from the market for gold-plated jewelry.
He said he expects demand for both silver and karat gold jewelry to continue to increase in the coming years.
While the gold and silver markets have been, and are expected to remain, relatively quiet, palladium has experienced a recent run-up in price. This is due to increased auto catalyst demand in the U.S. and China, the strikes at the platinum group mines in South Africa, which have left the metal in short supply, and uncertainty about embargos on Russia, the world’s largest miner of palladium, Newman said.
The metal’s per ounce price hit a 13-year high last week, closing at $873 per ounce Wednesday on the London PM fix, according to Kitco.com.
More on Other
The Latest
AuctionsJan 29, 2026
These Were Bonhams’ Top 10 Jewelry Lots in 2025The top lot of the year was a 1930s Cartier tiara owned by Nancy, Viscountess Astor, which sold for $1.2 million in London last summer.
SourcingJan 29, 2026
Stuller Website to Mark AGTA-Sourced GemstonesAny gemstones on Stuller.com that were sourced by an AGTA vendor member will now bear the association’s logo.
Brought to you by
The MJSA Mentor & Apprenticeship Program: Attracting & Training the Next Generation of Bench JewelersLaunched in 2023, the program will help the passing of knowledge between generations and alleviate the shortage of bench jewelers.
WatchesJan 29, 2026
Audemars Piguet Opens AP House in AtlantaThe Swiss watchmaker has brought its latest immersive boutique to Atlanta, a city it described as “an epicenter of music and storytelling.”
Weekly QuizJan 29, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
SourcingJan 28, 2026
Ethical Gem Fair to Debut Designer Showcase in TucsonThe new addition will feature finished jewelry created using “consciously sourced” gemstones.
ColumnistsJan 28, 2026
Peter Smith: Setting the Next Generation Up for SuccessIn his new column, Smith advises playing to your successor's strengths and resisting the urge to become a backseat driver.
Brought to you by
How Jewelers Can Fight Back Against Cell JammersCriminals are using cell jammers to disable alarms, but new technology like JamAlert™ can stop them.
SurveysJan 28, 2026
Consumer Confidence Falls Below Pandemic Lows in JanuaryThe index fell to its lowest level since May 2014 amid concerns about the present and the future.
IndependentsJan 28, 2026
Foundrae Heads to Aspen for Latest Store OpeningThe new store in Aspen, Colorado, takes inspiration from a stately library for its intimate yet elevated interior design.
FinancialsJan 28, 2026
Tiffany & Co., Bulgari Sales Resilient as LVMH’s 2025 Sales SlipThe brands’ high jewelry collections performed especially well last year despite a challenging environment.
CollectionsJan 27, 2026
De Beers London, GemFair Debut New Collection Highlighting Artisanal DiamondsThe collection marks the first time GemFair’s artisanal diamonds will be brought directly to consumers.
SourcingJan 27, 2026
GemGuide Launches Pricing for Montana SapphiresThe initial charts are for blue, teal, and green material, each grouped into three charts categorized as good, fine, and extra fine.
TechnologyJan 27, 2026
Clientbook Launches Appointment Booking ToolThe new tool can assign the appropriate associate based on the client or appointment type and automate personalized text message follow-ups.
SourcingJan 26, 2026
Tucson Preview 2026: Earthy Tones and Innovative Shapes Buyers are expected to gravitate toward gemstones that have a little something special, just like last year.
SourcingJan 26, 2026
Angolan Diamond Cos. Join NDC as Rio Tinto, Murowa Exit Endiama and Sodiam will contribute money to the marketing of natural diamonds as new members of the Natural Diamond Council.
MajorsJan 26, 2026
Francesca’s To Close All StoresThe retailer operates more than 450 boutiques across 45 states, according to its website.
MajorsJan 26, 2026
BIJC Names 5 New Board MembersThe new members’ skills span communications, business development, advocacy, and industry leadership.
CollectionsJan 26, 2026
Tiffany & Co. Celebrates 189 Years of Love StoriesThe jeweler’s 2026 Valentine’s Day campaign, “Celebrating Love Stories Since 1837,” includes a short firm starring actress Adria Arjona.
GradingJan 26, 2026
DCA Updates Colored Gemstone CourseThe new features include interactive flashcards and scenario-based roleplay with AI tools.
MajorsJan 23, 2026
Watches of Switzerland Acquires 4-Store Jewelry Chain in TexasFamily-owned jewelry and watch retailer Deutsch & Deutsch has stores in El Paso, Laredo, McAllen, and Victoria.
WatchesJan 23, 2026
Damiani Group to Acquire Baume & MercierThe Italian luxury company purchased the nearly 200-year-old Swiss watch brand from Richemont.
TrendsJan 23, 2026
Martin Katz’s Earrings Call to Mind Wintry Weather Micro-set with hundreds of diamonds, these snowflake earrings recreate “winter’s most elegant silhouette,” and are our Piece of the Week.
MajorsJan 23, 2026
Rembrandt Charms Names New Director of Creative, Brand StrategyElla Blum was appointed to the newly created role.
Supplier BulletinJan 22, 2026
The Rise of Centralized Sourcing in the Colored Gemstone MarketSponsored by RapNet
MajorsJan 22, 2026
Lugano Diamonds Finds a BuyerInvestment firm Enhanced Retail Funding, a division of Gordon Brothers, was the successful bidder.
SourcingJan 22, 2026
De Beers To Release ‘A Diamond Is Forever’ BookIt explores the history of the iconic tagline and the company’s strategy to redefine the role of diamonds in society.
