Bank of America has revised its price forecasts for gold and silver for the upcoming year, setting new targets at $5,000 per ounce for gold and $65 per ounce for silver. The bank anticipates an average price of $4,400 per ounce for gold and $56 per ounce for silver throughout the year. This adjustment reflects expectations of continued volatility, particularly in the silver market, where an extreme imbalance is expected to normalize over time.