Gold’s Next ‘Bullish’ Target as Silver Hits 12-Year High: Watch These Key Levels – Gary Wagner

    Jeremy Szafron, Anchor at Kitco News, interviews Gary Wagner, Editor of www.thegoldforecast.com, in this technical analysis segment focused on gold and silver markets. Wagner discusses the ‘clear uptrend’ in both metals, highlighting how gold surged past $2,700 and silver hit 12-year highs. Wagner provides detailed analysis of key resistance and support levels, along with technical chart patterns driving the markets. He projects gold to reach $2,865 and silver to push towards $41, citing factors like geopolitical tensions, U.S. dollar strength, and Federal Reserve policy signals that continue to support these precious metals’ upward trajectory.

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    00:00 – Introduction
    00:27 – Gold Breaks $2,700
    02:10 – Wagner on Geopolitical Tensions
    03:50 – Gold’s Technical Uptrend
    05:15 – Revised Gold Price Targets
    06:40 – Silver Breaks 12-Year High
    08:30 – Fed Rate Cuts and Impact on Gold
    10:45 – Silver Target of $41
    13:50 – U.S. Election and Precious Metals
    15:30 – Closing Thoughts

    #Gold #Silver #GoldPrice #SilverPrice #GoldMarket #SilverMarket #PreciousMetals #GoldForecast #SilverForecast #TechnicalAnalysis #ChartAnalysis #GoldTechnicalAnalysis #SilverTechnicalAnalysis #SupportAndResistance #MarketTrends #BullishTrend #Uptrend #GaryWagner #KitcoNews #GoldTo2800 #SilverTo40 #PriceTargets #USFederalReserve #InterestRates #GeopoliticalTensions #GlobalEconomy #FinancialMarkets #Investing #InvestmentStrategy #MarketUpdate
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    33 Comments

    1. I never viewed metals as an investment, but I always saw it as a great way to save your cash & retain the value from when you bought it. It’s not hard to turn it to liquid cash, and it beats letting inflation destroy your savings.

    2. Excellent analysis, Mr. Gary. I always look forward to your videos, and you truly nailed the gold prediction this time. I’ve been closely following the gold market, and October has indeed been a fascinating month. Prices surged to around $1,920 per ounce at the start, and they’ve remained near that level. Gold continues to hold its position as a safe haven asset amidst the current market uncertainty. I’m also hoping your insights into the silver market prove just as accurate.

    3. You're doing a fantastic job! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How can I transfer them to Binance?

    4. People choose to buy gold for various reasons, such as it’s historical role as a store of value and medium of exchange, it’s potential as a hedge against inflation or currency devaluation, and it’s relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolio due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance and financial situation before deciding.

    5. As always, a great analysis. Newcomers often wonder if it's too late to navigate the financial market, but the market is always unpredictable. Trading has more advantages than simply holding, so it's important to learn before diving in. Active trades are necessary to ride the market's waves. Thanks to Loraine Souvenir’s insights, daily trade signals, and my dedication to learning, I've been increasing my daily earnings. Kudos to the journey ahead!

    6. At this moment, it is crucial for individuals to prioritize investing in alternative streams of income that are not reliant on the government, particularly with the existing worldwide economic crisis. Investing in stocks, gold, silver, and digital currencies can still be profitable during this period. Therefore, it is advisable to explore these investment options to secure one's financial future.

    7. I’ve been cautiously buying into the markets this year, but even with small moves, it’s hard not to feel the pressure. I’m pushing to be the first in my family to hit a million, especially knowing that many in my field are already well into six figures. It feels like gold and silver are the smart plays now, especially with silver hitting highs we haven't seen in over a decade. Watching these key levels might be the edge we need as things shift in the economy—sometimes, it’s about being in the right place at the right time

    8. I was just thinking the same… I'm approaching retirement with comfortable millions, yet scared of leaving my savings in the bank, pondering if I should just buy gold to preserve and grow my money

    9. We should talk about the COST of mining these metals. Ore isn't getting any better, right? Are mines making progress at moving ore tonnage? How's their diesel procurement been over the decades? Which primary mines manage to get silver out for less than $30? How are ore grades for base miners, are they getting more or less silver than before?
      Since 2011 that's 13+ years of inflation. Even if we take 3% and compound that…cost is surging. Ore grades likely to have dropped.

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