Video News/Chart This with Gary Wagner

Gary Wagner of TheGoldForecast.com joins Kitco News to analyze how gold and silver responded after the Federal Reserve cut rates by 25 basis points and announced $40 billion per month in reserve management purchases. Silver moved aggressively into new all-time highs above $62 as liquidity entered the market, extending the parabolic rise that began after the breakout above $54. Wagner explains the technical structure behind the move, the brief consolidation near $59, and why current momentum supports his short-term target of $65 to $68 in the first quarter of 2026. Gold held steady throughout the session, consolidating above $4,200, which Wagner identifies as critical support. He notes that a close below $4,195 would be the first clear signal of a deeper correction, although recent price action has remained stable. Wagner also discusses the divided FOMC vote, the weakness in the U.S. dollar, and the key technical levels he will be monitoring as markets move into 2026.