Gold and Silver Well Placed to Resume Uptrends, Analyst Says
Market analyst Ira Epstein observes a resurgence in gold, silver and copper. Silver is currently outperforming gold, while tariff changes and upcoming economic data may influence prices.
Gold Market
Market analyst Ira Epstein observes a resurgence in gold, silver and copper. Silver is currently outperforming gold, while tariff changes and upcoming economic data may influence prices.
Silver dropped nearly 3% on Wednesday as a hawkish Fed pushed the dollar to a two-month high. Despite the sell-off, the metal remains within its mid-August range, though the 4-hour chart shows growing bearish pressure.
Gold and silver saw increased trading volume even without fresh economic data on Yom Kippur. Analyst Ira Epstein points to geopolitical talks and yield curve shifts as key influences.
Gold holds key support at $4,100 and eyes new highs above $5,200. Silver needs to break $106. Global interest rate hikes and record diesel prices add pressure to stocks.
Central bank buying, dollar moves, crude oil, and seasonal demand are shaping the outlook for gold and silver through 2026 and beyond. Here’s what’s driving prices.
MCX gold and silver futures saw mixed moves in early trade on 18 September as a drop in crude oil prices and a steady dollar offered support, while US-Iran tensions kept caution alive.
Gold, silver and crude oil remain in focus as markets digest the latest US Fed rate hike. Analyst Vandana Bharti shares key levels and the outlook through 2026.
Gold and silver prices have stabilised slightly after recent declines, with analysts pointing to oversold conditions and key support levels holding ahead of this week's FOMC meeting.
Gold and silver prices rose in domestic markets on Wednesday, with MCX gold futures gaining Rs 1,300 per 10 grams and silver climbing Rs 4,000 per kg ahead of the US Fed decision.