Following a speculative surge, both gold and silver fell due to profit-taking and weak long liquidation observed recently. This trend appears to be predominantly driven by global markets’ inherent instability and the precious metals’ elevated prices. Profit-taking by investors after a substantial run-up and weak long liquidation, the offloading of long-standing assets, imposed a heavy toll on the values of these metals.
While these are significant shifts, such drawback shouldn’t undervalue the long-term stability and the overall role precious metals play in a diversified portfolio. The current market behaviour offers an opportunity for investors who’ve been waiting for lower entry points into the precious metals market. Moving forward, keeping a close eye on market developments and understanding global market trends will be crucial for investors. Read More
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