The current bull run for gold and silver began in early 2024, with projections suggesting gold could reach $4800/oz and silver $60/oz by the end of 2026. Analyzing historical data, silver appears significantly undervalued and offers a strong buying opportunity, as evidenced by its recent price surge past $41.
Recent conflicts between Israel and Iran, backed by the US, threaten global stability. Concerns arise over escalating warfare and its economic impact, especially on oil prices and currency values, leading to potential skyrocketing gold and silver prices.
The current trends indicate a significant rise in the price of gold, particularly in Australian dollars. Analysis of gold prices reveals historical patterns and signals that a potential bull market began in March 2024. Could this be the 'moon shot' we’ve been waiting for?
Rafi Farber's predictions for gold and silver prices, based on historical exponential breakouts from the late 1970s, are shown. Following Trump's election, both metals saw significant price drops. But now they are back on trend tracking above initial predictions, with speculative upper bounds indicated for future movements.
The real uninflated prices of gold and silver (in 1959 dollars) have recently surpassed historical resistance lines, indicating significant upward potential. This might signal a moon shot soon as we approach the endgame and the death of dollar.
I update my price predictions for gold and silver, for gold when priced in 1959 dollars, and both when compared to historical trends. Both metals are currently tracking above predictions, suggesting a potential increase. I recommend preparing for economic turmoil as the dollar weakens.