PREPARE to Be SHOCKED! Something Huge Is Happening to Gold & Silver Prices Soon - Alasdair Macleod

According to industry experts and recent market data, the precious metals market is showing signs of a potential breakout, with both silver and gold positioned for significant price movements.
Silver has been in a supply deficit for four consecutive years, reaching 184.3 million ounces in 2023 despite a 30% reduction from the previous year. Global silver supply has remained relatively stable at around 1 billion ounces annually. Still, industrial demand surged 11% last year to a record 654.4 million ounces, mainly driven by the green economy sector.
Alasdair Macleod, a prominent financial analyst and Head of Research at Goldmoney, believes that silver prices could potentially double from current levels. He points to the persistent supply deficit and increasing industrial demand as key factors supporting this bullish outlook.
"The gold-to-silver ratio is expected to fall from around 83-84 to below 60," Macleod predicts, suggesting that silver may outperform gold shortly.
This sentiment is echoed by Sprott Money, which argues that a silver breakout is imminent due to its current undervaluation relative to gold. Using a median gold-silver ratio of 80:1, they calculate that a gold price of $2,300 would imply a silver price of $28.75, while gold at $2,500 would correspond to silver at $31.25.
Meanwhile, the gold market is also showing strength. Macleod notes that gold is finding support at its 55-day moving average and testing new highs, with resistance around $2,525-$2,530. He anticipates a breakout above these levels soon.
Recent market activity supports this view, with gold retaining key near-term support levels and attempting to rally above $2,528.93. The next significant resistance level is $2,530, which coincides with the all-time high and the upper boundary of the current trend channel. Beyond this, the $2,600 mark looms as a psychological barrier.
Gold prices soared unprecedentedly on Monday, marking the seventh consecutive session of record highs. This remarkable rally comes amid increased central bank purchases and ongoing geopolitical tensions, with even robust economic data failing to dampen the precious metal's appeal.
China's central bank, the People's Bank of China, reported adding 160,000 troy ounces of gold to its reserves in March, continuing a trend of steady accumulation. This move aligns with similar actions by other nations, including Turkey, India, Kazakhstan, and several Eastern European countries, which have been actively increasing their gold holdings this year.
Alasdair Macleod points out that central banks increasingly view gold as money rather than credit, starkly contrasting their perception of the US dollar. This shift in perspective is driving a renewed interest in gold as a reserve asset.
"Central banks understand what we're talking about," Macleod explains. "They want to get out of dollars and into gold because they know that gold is money and dollars are credit."
The enthusiasm for gold isn't limited to central banks. Physical gold demand in China has rebounded to pre-pandemic levels, indicating a broader interest in the precious metal across the world's second-largest economy.

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