Huge News! The UPCOMING Gold & Silver Rally Will Absolutely SHOCK the World - Gary Wagner
Silver has marked a significant milestone in recent market activity, breaking above 34 dollars per ounce and reaching 35 dollars, a level not seen in over a decade. Gary Wagner, a technical analyst specializing in gold and precious metals markets, anticipates a correction but expects silver to retest the 35-dollar level. His analysis suggests potential upward movement to 42–44 dollars in the coming year, though he cautions that reaching the 50-dollar mark would require establishing these intermediate levels first.
Market forecasters remain optimistic about the near-term prospects, projecting a solid start to the year with silver potentially opening at 38.77 dollars and reaching as high as 40.71 dollars in January. The market is expected to experience fluctuations throughout the year, with analysts predicting a low point of 32.77 dollars in October before rebounding to approximately 38.30 dollars by year-end.
Looking toward the future, analysts present varying long-term projections. For 2026, most experts forecast silver to trade between 33 and 44 dollars per troy ounce, though some more bullish analysts suggest potential prices between 63 and 68. The outlook for 2027-2035 appears more conservative, with predictions generally falling within a 33 to 40-dollar range, reflecting a more measured view of silver's long-term prospects in the precious metals market.
The historical relationship between silver and gold provides an exciting context for market dynamics. Wagner points out that while silver has typically lagged behind gold, 2011 proved to be a remarkable year for both precious metals.
Silver demonstrated unusual market behavior by reaching its peak of 50 dollars an ounce in mid-2011, notably five months before gold's historic high. This pattern was particularly noteworthy as it deviated from the traditional expectation of silver following gold's lead. When gold eventually reached its record high of over 1,900 dollars per ounce in September 2011, both metals benefited from investors seeking safe havens during the global financial crisis.
Gary Wagner's analysis of the Federal Reserve's interest rate cuts aligns with the recent movement in gold prices. While the Fed's rate cuts typically boost gold, helping it rise, the U.S. dollar has continued outperforming other currencies in its basket, demonstrating its strength.
Despite the dollar's resilience, gold prices still experienced a notable rise. Spot gold increased by 1.2%, reaching 2,691.36 dollars per ounce after hitting a three-week low earlier. U.S. gold futures also gained, rising 1.1% to close at 2,705.80 dollars. This price movement highlights the complex interplay between the Fed's policy and the market's reaction, where gold prices benefitted from a slight retreat in the dollar, even as the dollar remained strong overall.
Wagner notes that gold peaked at 2,800 dollars, driven by a strong U.S. dollar, an uncommon scenario in which both rose together. The pullback followed the resolution of election-related uncertainties that had previously boosted gold.
Despite the pullback, gold demand remains strong due to safe-haven buying, fueled by geopolitical tensions and election uncertainty. These factors suggest gold will continue to act as a store of value, supporting upward price pressure as investors seek stability.
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