In this video: Chief Market Strategist Gareth Soloway gives major updates based on technical analysis on silver and gold. Silver continues to surge, making new all-time highs. But where is there ultimate cycle high? Gareth reveals this based on the charts. Gold continues to bull flag. Gareth signals a bullish bias while cautioning the key is a near-term new all-time high within days, or gold risks making a lower high and breaking down. While he remains bullish long-term on both gold and silver, swing traders and day traders can watch these levels to understand the next big trade. Watch this video and learn trendline analysis, technical analysis and get the latest targets and pivots. Video by Gareth Soloway.
Gold prices are bullish, holding above key support near $4200-$4300, with analysts predicting continued strength into 2026, targeting levels of $4,380 (resistance breakout), and potentially $5,000 or even $6,000 long-term, driven by central bank buys, geopolitical uncertainty, and rate cut expectations, though technical levels like $4192 offer near-term support on pullbacks.
Driving Factors
Central Bank Demand: Diversification and currency strength concerns fuel strong buying.
Monetary Policy: Expectations of lower U.S. interest rates (Fed cuts) support gold by reducing the opportunity cost of holding the metal.
Geopolitical Risk: Ongoing global uncertainty keeps gold attractive as a safe haven.
Dollar Weakness: A weaker USD generally boosts gold prices.
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