

ECB policy, Fed expectations and resilient central bank demand shape the outlook for gold and silver. Explore today's XAUUSD and XAGUSD forecast.

Spot gold and silver prices are lower ahead of the North American market open Thursday, as rising Treasury yields, a firmer U.S. dollar and another surge in crude oil prices outweighed safe-haven demand tied to the U.S.-Iran conflict. At the time of writing, spot gold was trading near $4,066.82 an ounce, down 1.52%, while spot silver was trading near $58.06, down 2.75% on the session.

Spot gold and silver prices have rallied this week, but remain well below all-time highs achieved in late January. Analysts attribute recent gains to "bargain hunting" but see little chance of a sustained rally.

Silver's brutal correction from January's record highs has disappointed investors, but one precious metals strategist says lower prices are exactly what the market needs to build a more sustainable bull market.

Sunshine Silver: A Disappointing IPO To A Potential Beast

Precious metals are moving higher as traders stay bullish.

Amplify Junior Silver Miners ETF is rated a cautious Buy, offering leveraged exposure to silver prices without traditional leverage risks. SILJ underperformed silver futures during the recent rally but outperformed during the correction, reflecting its volatility and speculative nature. Silver's fundamentals remain strong with a persistent supply-demand deficit, but technical support at $50.36/oz is critical for bullish positioning.

Spot gold and silver prices are higher ahead of the North American market open Tuesday, as short covering lifted precious metals after last week's selloff while Treasury yields, the U.S. dollar and crude oil prices remained firm.
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