Video News/Market Analysis

As gold and silver consolidate after a sharp pullback, Technical Analyst Gary Wagner of The Gold Forecast says the correction is part of a healthy market setup ahead of the Federal Reserve’s next policy decision. Speaking with Kitco News Anchor Jeremy Szafron, Wagner explained the candlestick patterns and technical studies that signaled the recent top, outlining what his Elliott Wave models now predict for both metals. He also shared updated price targets and identified the support zone that must hold to avoid what he calls “technical chart damage” to the current rally. Wagner discussed how ongoing physical demand, especially central bank buying, continues to support the market’s longer-term trend. He also touched on what he described as the “true silver squeeze,” pointing to tightness in supply and sustained investor appetite. His analysis frames the recent volatility as a consolidation within a broader bullish structure rather than a breakdown in momentum.