Oil prices may fall to $60 as OPEC+ pauses output hikes, while silver could shine in 2026

Oil prices are expected to soften to around $60 per barrel by year-end as OPEC+ pauses output hikes, according to Peter McGuire of Australia-Trading.com. McGuire predicts Brent crude could fall to $60 and WTI to the high $50s due to oversupply and weaker global demand. He also anticipates gold and silver may rally in early 2026, potentially driven by Federal Reserve rate cuts. Silver is forecast to outperform gold, supported by increasing industrial demand and a history of underinvestment in its supply chain. Global commodity markets face volatility from OPEC+ actions and US monetary policy.