Gold & Silver Price Shockwave: Volatility Set to Skyrocket! Experts Reveal Future Outlook & Investment Secrets!

Chirag Sheth, Principal Consultant–South Asia at Metals Focus, forecasts continued volatility in precious metals, with gold prices likely fluctuating between $3,800 and $4,600 per ounce. Significant price increases beyond $4,800-$5,000 per ounce would require new market catalysts. India has experienced robust investment and Exchange Traded Fund (ETF) demand for gold, with expectations of firm sales in November due to stabilizing prices and the ongoing wedding season. Global central banks are expected to continue buying gold robustly, aiming to hold 5-10% of their foreign exchange reserves in gold as a strategic asset amidst geopolitical uncertainties.

Regarding silver, Sheth highlighted stronger fundamentals compared to gold, projecting a rise to $58-$60 per ounce next year. This bullish outlook is supported by market deficits, increasing demand, and investments in artificial intelligence and new technologies.

Impact This news provides insights into potential price movements of gold and silver, which are key commodities. Investors holding gold and silver directly, or through ETFs and related company stocks, may see their portfolio values affected. The forecast on volatility might influence trading strategies and hedging decisions. It also highlights the attractiveness of gold as a safe-haven asset and silver's growth potential driven by technological advancements. Rating: 7/10

Difficult Terms: Volatility: The tendency of a price or value to fluctuate significantly and unpredictably over a short period. Per ounce: A unit of weight, typically used for precious metals, equivalent to approximately 28.35 grams. ETFs (Exchange Traded Funds): Investment funds traded on stock exchanges, much like stocks. They hold assets such as gold and track an underlying index. Catalysts: Events or factors that provide a strong impetus for a particular action or change, such as a price increase. Strategic reserve: Assets held by a country's central bank or government to ensure economic stability and security. Geopolitical uncertainty: Risks and instability arising from the interactions between countries and their political relations. Market deficit: A situation where the demand for a commodity exceeds its supply, which can lead to price increases.