Here are the predictions for precious metals from the major financial firms Goldman Sachs Prediction: Gold - $1930 Silver - $32.30 "Among other commodities forecasts, Goldman Sachs ( GS - news - people) said it now expects gold to rise to $1,930 per ounce within 12 months, compared to a prior forecast of $1,860 per ounce.

Silver is expected to cost $32.20 per ounce a year from now, an increase from Goldman's prior forecast of $31.10." Morgan Stanley Prediction: Gold - $2200 Silver - $50 "Gold and livestock should be the biggest winners, while zinc, lead, nickel and crude oil are most likely to underperform other commodity markets, according to Morgan Stanley.

Morgan Stanley’s gold price forecast is $2,200 an ounce. For silver it is $50 and for platinum it is $1,829." HSBC Prediction: Gold - $2025 Silver - $34.00 "LONDON -( Dow Jones)- HSBC Thursday lifted its annual gold forecasts for the next few years, saying it now expects gold to average as high as $2,025 a troy ounce as the yellow metal benefits from fears over sovereign debt levels, geopolitical risks and a lack of alternative safe haven investments. "Despite gold's high volatility and wide price swings, we remain positive on bullion. The steep rise to $2,025/oz is based primarily on heightened investor anxieties and the paucity of alternative safe-haven assets," HSBC analyst James Steel said.

The bank said that while increases in mine output and scrap supplies, in response to higher metal prices, may curb the rally, they "seem unlikely to reverse it." While many investment banks have raised their gold price forecasts in recent months, few have turned as bullish on silver.

However, HSBC raised its silver price targets in light of a "slight upward bias” it now sees for gold’s sister precious metal. HSBC increased its silver estimate to $34.00 from $32.00 per ounce." JPMorgan Chase Prediction: Gold - $2500 Silver - N/A

"Nov. 15 (Bloomberg) -- Gold prices will be influenced by the ability of U.S. lawmakers to reduce the federal budget deficit, according to Colin P. Fenton, the global head of commodities research and strategy at JPMorgan Chase & Co. “The market is discounting a cut of $2 trillion, so if it’s less than $1.5 trillion, we will see gold prices surge and rise higher than $2,500,” Fenton said today at a conference in New York. Gold traded today at $1,783.40 an ounce on the Comex in New York, down from a record $1,923.70 reached on Sept.