Gold and Silver Rush on Wall Street Puts Banks on Track for Record Five Billion Dollar Earnings

Major banks are heading toward a record five billion dollar year from trading gold, silver, and other precious metals. High buyer demand drove strong earnings for these desks during the first half of 2026. JPMorgan Chase made about seven hundred million dollars in profit from metal trades in this period. Deutsche Bank also came back to bullion trading and brought in over two hundred million dollars. Commodity trading has turned into a key income source for top Wall Street firms and US banks like Goldman Sachs, Bank of America, and Morgan Stanley.

Context

Precious metals like gold and silver often see high trading activity when global markets face uncertainty, as investors view them as safe assets. Large financial institutions maintain specialized trading desks to buy and sell these commodities on behalf of clients or for their own profit. This steady market activity helps major banks diversify their income beyond standard loans and credit cards.