Gold, silver boom puts US bank trading revenues on track for record $5 billion

In the first half of 2026, the precious metals desks at major banks achieved significant earnings due to high demand. JPMorgan Chase reported approximately $700 million in profits from trading gold, silver, and other metals. Deutsche Bank also returned to bullion trading, earning more than $200 million in the same period. Analysts predict that banks will generate around $5 billion from precious metals trading by the end of the year.