Axis MF Cautiously Optimistic on Gold, Silver for 2026 Amid Volatility

• Axis Mutual Fund is cautiously optimistic on gold and silver for 2026, following their strong performance in 2025.
• Gold rallied ~60% in 2025, driven by a weaker US dollar, expectations of Fed rate cuts, and safe-haven buying amidst global uncertainties.
• Silver surged ~100% in 2025, benefiting from safe-haven interest and robust industrial demand from solar energy, EVs, and semiconductors.
• Axis MF expects near-term support for both metals but anticipates potential volatility in 2026 due to factors like higher real yields for gold and stretched valuations for silver.
• Both gold and silver are considered relevant portfolio diversifiers for 2026, with gold's near-term outlook positive and silver's outlook "constructive."

Why It Matters: It informs your investment strategy for gold and silver.