Gold and silver boom lifts US bank metals trading revenue
In short
In the first half of 2026, major banks made more money from trading gold, silver and other metals. JPMorgan Chase said it made about $700 million, and Deutsche Bank said it made more than $200 million after returning to bullion trading.
This matters because bank trading revenues are rising fast in metals. Analysts expect around $5 billion for the year, but it is not clear if that target will be reached.
What the reporting says
Major banks’ precious-metals desks posted strong first-half 2026 earnings, with JPMorgan Chase reporting about $700 million and Deutsche Bank more than $200 million from gold, silver and other metals trading. The reporting says analysts now expect banks to generate around $5 billion from precious metals trading by year-end. The drivers behind the demand and whether the forecast will be met are not stated.
Why it matters
Precious-metals trading at major banks surged in the first half of 2026, with JPMorgan Chase at about $700 million and Deutsche Bank above $200 million. The reporting ties the gains to strong demand and says analysts expect around $5 billion for the year. The key uncertainty is whether metals demand will stay strong enough to hit that forecast.