[Gold and Silver Prices Experience Significant Volatility, Multiple Institutions Predict Precious Metals Still Have Room for Growth This Year] According to Zhitong Finance, in the first full trading week of 2026, precious metals, which performed strongly in 2025, continued their bullish trend, with both gold and silver futures prices posting cumulative gains, though volatility has significantly increased. Wall Street investment bank Goldman Sachs pointed out that compared to gold trading, silver trading is expected to continue facing high volatility and uncertainty. Based on the analysis of multiple financial institutions, two factors this week have intensified the downward pressure on precious metal prices. First, the Bloomberg Commodity Index initiated its annual rebalancing adjustment this week, significantly reducing the weight of precious metals. Analysts noted that this rebalancing adjustment is expected to trigger passive reductions in positions by index-tracking funds, putting profit-taking pressure on gold and silver. Second, starting after Friday's close, CME Group once again raised the margin requirements for gold, silver, platinum, and palladium futures. This marks the third time in the past month that CME Group has increased margin requirements for precious metal futures. Among them, the margin for silver was raised by 28.6% this time. Exchanges significantly raising margin requirements typically curtail high-leverage and speculative trading. However, multiple institutions predict that even in the face of short-term downward pressure, there is still room for growth in the prices of precious metals and industrial metals this year.