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Gold & Silver Review |
Gold and Silver's overall trend, revealed by trends of price, leverage, and time, are defined and discussed in The Matrix for subscribers.
Subscriber Comments
The Majority, The Bag holder
Gold futures plunged over 5% in their largest single-day drop since 2013, with spot prices falling as much as 6% to around $4,105 per ounce. Silver also saw a sharp decline, dropping over 8%, marking its worst day since 2021. The selloff came as easing U.S.-China trade tensions, a stronger U.S. dollar, and overbought technical conditions triggered a pullback in the precious metals rally.
Analysts suggest this may be a temporary correction after gold surged 28% since mid-August, driven by central bank buying and investor interest in gold ETFs. While some view this dip as a buying opportunity, others caution the first major downside test lies near $4,000.
Despite the drop, sentiment remains bullish. Bank of America forecasts gold could reach $6,000 by mid-2026, while Goldman Sachs and JPMorgan project highs of $4,900 by 2026 and $6,000 by 2029, respectively.
Chasing strength into an extended price cycle typically ends in tears. What happens now? We'll address this more in a Gold & Silver Report update once the computer has a chance to recognize new reversals.
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The Matrix provides market-driven trend, cycles, and intermarket analysis.
