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

The precious metals market has seen a boom in the first half of 2026, driving significant earnings for major U.S. banks. JPMorgan Chase reported approximately $700 million in profits from trading gold, silver, and other metals, while Deutsche Bank earned more than $200 million in the same period. Analysts predict that banks will generate around $5 billion from precious metal trading this year.