Goldman Sachs: Silver's volatile trading will continue; gold's $5,400 target faces upside risks.

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According to ME News, on January 27th (UTC+8), Goldman Sachs believes that the sharp two-way fluctuations in silver prices may continue, while emphasizing that its year-end gold price target of $5400 still faces significant upside risks. The bank slightly lowered its 2026 global aluminum market surplus forecast from 1.1 million tons to 800,000 tons, while maintaining its 2027 surplus forecast of 1.6 million tons; meanwhile, it raised its 2028 surplus forecast from 1.25 million tons to 2.3 million tons. Regarding prices, Goldman Sachs raised its Q4 2026 aluminum price forecast from $2350/ton to $2500/ton, while maintaining its 2027 average price forecast of $2400/ton. (Source: ME)

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