Posts by technical

Gold plunges 20%, and silver by 45%: What next?

Daily Report

Historically, periods of strong momentum are often accompanied by sharp but temporary volatility. While recent price action has disrupted short-term technical charts, the long-term trend remains constructive. This suggests the current correction is likely a typical “shake-out” within an ongoing long-term bull market for precious metals.

Gold approaching $5000 and Silver towards $100

Daily Report

Gold and silver surged to fresh all-time highs, with gold touching $4,970 (~₹1,59,200) and silver hitting $99.2 (~₹3,40,000), marking their strongest weekly performance since March 2020. The rally has been supported by lingering geopolitical risks, and sustained safe-haven demand.