Sri Lanka, Oct. 28 -- Gold and silver prices are expected to continue rising in the long term, analysts said, maintaining optimistic forecasts for the precious metals despite recent volatility.

Major financial institutions have issued confident projections for both metals. OCBC has upgraded its 12-month forecast to US$4,600 per ounce for gold and US$56 per ounce for silver, while Maybank predicted that gold could reach US$4,800 per ounce by the end of next year. HSBC previously projected gold hitting US$5,000 per ounce in 2026 berfore the recent consolidation.

As of Monday morning, gold traded at US$4,076 per ounce and silver at US$48.21 per ounce, down from recent peaks above US$4,300 and US$54 per ounce respectively.

Mr Manpreet Gill...