{"id":24582,"date":"2026-02-07T02:27:14","date_gmt":"2026-02-07T02:27:14","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2026\/02\/07\/editors-picks-is-gold-and-silvers-price-correction-over\/"},"modified":"2026-02-07T02:27:14","modified_gmt":"2026-02-07T02:27:14","slug":"editors-picks-is-gold-and-silvers-price-correction-over","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2026\/02\/07\/editors-picks-is-gold-and-silvers-price-correction-over\/","title":{"rendered":"Editor\u2019s Picks: Is Gold and Silver\u2019s Price Correction Over?"},"content":{"rendered":"<\/p>\n

It\u2019s been a wild couple of weeks for gold and silver. <\/strong><\/p>\n

After surging to record highs at the end of January, prices for both precious metals saw significant corrections, creating turmoil for market participants.<\/p>\n

This week brought some relief, with gold bouncing back from its low point and even trading above US$5,000 per ounce for a brief period of time.<\/p>\n

Silver, which is known for outperforming gold on both the upside and the downside, was more volatile, but seems to have found support around the US$70 per ounce level.<\/p>\n

Why did gold and silver drop, and more importantly, what\u2019s next? As always, there are a variety of different factors at play, but I\u2019ll give you a rundown of what I\u2019ve been hearing.<\/p>\n

Starting with the pullback, I spoke with Joe Cavatoni of the World Gold Council, who pointed to speculative players as a key reason for gold\u2019s price decline. Here\u2019s how he explained it:<\/p>\n

\u2018At the end of this, you\u2019re looking at a lot of people who were pushing the price higher \u2014 speculative in nature \u2014 pulling back and taking money off the table. That\u2019s why I think we\u2019re seeing a correction in the price. I don\u2019t think that we have an issue with, fundamentally, what\u2019s going on in the gold market.\u2019<\/p>\n

Gary Savage of the Smart Money Tracker newsletter made a similar comment, saying that there are times when sentiment gets so bullish that eventually there\u2019s no one left to buy. <\/p>\n

However, on the silver side he saw signs of market manipulation as well:<\/p>\n

\u2018Some of it is just (that) we got way too bullish, ran out of buyers. We were due for some kind of correction anyway, and I think the banks took advantage of that and coordinated a huge overnight attack that dropped silver \u2026 I think it was almost 30 percent, or maybe it was 30 percent, almost overnight. That allowed them to get out of their shorts, because a lot of those contracts were going to stand for delivery, and they were going to have to buy physical silver at US$120 an ounce to to deliver.\u2019<\/p>\n

Adding more nuance to the silver story this week was the news that billionaire Chinese trader Bian Ximing has reportedly established the largest net short position on the Shanghai Futures Exchange, with his bet against the white metal clocking in at US$300 million.<\/p>\n

Bloomberg analysis of exchange data shows he started \u2018ramping up silver shorts\u2019 in the last week of January, although he initially began shifting from a long silver stance this past November. <\/p>\n

Aside from silver, Bian is known for his moves in gold and copper.<\/p>\n

There\u2019s also been commentary suggesting that the nomination of Kevin Warsh for the US Federal Reserve chair position has weighed on gold and silver prices.<\/p>\n

President Donald Trump announced his choice on January 30, with market watchers quickly pointing to Warsh\u2019s hawkish reputation and questioning whether he will fall in line with Trump\u2019s calls for lower interest rates. Rates have been a sticking point between Trump and current Fed Chair Jerome Powell. <\/p>\n

However, in the days since the news broke, the tone has shifted, with Trump himself saying that Warsh wouldn\u2019t have gotten the job if he said he wanted to raise rates. <\/p>\n

Taking a step back from what\u2019s happening now, I want to emphasize that the majority of the experts I\u2019ve been speaking with recently don\u2019t believe gold and silver are topping.<\/p>\n

In a January 25 interview, Adrian Day of Adrian Day Asset Management said exactly that, pointing to previous bull markets where both metals moved steeply down before continuing up. This quote is from before last week\u2019s correction, but I think you\u2019ll see why it\u2019s still relevant:<\/p>\n

\u2018A pullback is always in the cards. And people forget, everybody talks about \u2026 1974 to 1975, when gold dropped almost 50 percent. But people forget, the same thing happened in 2006. Halfway through the bull market, you had a 30 percent correction in gold, which of course means a much bigger correction for gold stocks. <\/p>\n

\u2018So a pullback at some point is always not just a possibility, but it\u2019s almost a certainty. But if we rephrase the question to, \u2018Is this a top?\u2019 You know, absolutely not. In my view, we are absolutely nowhere near a top.\u2019 <\/p>\n

With that said, a point that\u2019s come up repeatedly in my interviews lately is personalization \u2014 while it\u2019s valuable to listen to other people\u2019s views, what\u2019s really important is to form your own opinions and understand why you own the assets in your portfolio. If you can do that, you\u2019ll be better equipped to weather any storms, and to buy and sell when it\u2019s time.<\/p>\n

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n<\/p>\n

This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"

It\u2019s been a wild couple of weeks for gold and silver. After surging to record highs at the end of January, prices for both precious metals saw significant corrections, creating turmoil for market participants. This week brought some relief, with gold bouncing back from its low point and even trading above US$5,000 per ounce for […]<\/p>\n","protected":false},"author":0,"featured_media":24583,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-24582","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/24582","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=24582"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/24582\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/24583"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=24582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=24582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=24582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}