Silver gold price forecast indicates that gold futures are

Silver gold price forecast indicates that gold futures are holding above the $2,340 support zone, with short-covering likely ahead of key economic releases. Silver’s technical chart shows a golden cross forming, a bullish reversal sign for Q My wife and I are in our 40s. We have a $600K mortgage and $500K income. Can we afford a vacation home? USD/CAD The USD/CAD currency pair daily chart shows a higher low, and notably, both the two lows are also triple bottoms when you drill into the daily chart! This could be seen as a bullish price action signal, worthy of entering a long trade. However, there is a confluence of a big round number not far above, at $1.4000, and a key resistance level just above it, could still stop a meaningful advance here. If you are looking for a long trade on the recent pullback at the end of last week, bullish bounces at $1.3935 or $1.3903. USD/CAD Dailly Price Chart S&P 500 Index The S&P 500 Index printed a bullish candlestick candlestick last week, which reached and closed at yet another all-time high. The price is trading in blue sky and it could only be more bullish if the price had closed right on the high. However, Friday did see the Index give up some of its recent gains. US stock markets are rising strongly although many analysts see the market as hugely overvalued. I put the continued advance to new highs down to the Trump effect as people believe President Trump will do anything to boost the market. The index has risen by about 15% since the start of 2025 with the rise really happening in the aftermath of the Trump tariff panic. It is an open question how much further the current bull run will go, but betting against new record highs in the US stock market is a brave and probably foolish move, unless it’s a cautious play in individual underperforming stocks. I remain bullish on the S&P 500 Index and see it as an unequivocal buy. S&P 500 Index Weekly Price Chart NASDAQ 100 Index Everything I wrote above about the S&P 500 Index also applies to the NASDAQ 100 Index, except the NASDAQ 100 Index has risen by 18%, more than the S&P’s 2025 to date increase of 15%. I remain bullish on the NASDAQ 100 Index and see it as an unequivocal buy. NASDAQ 100 Index Weekly Price Chart XAG/USD Silver had yet another great week, showing yet another outsize rise in value of almost 4%, and powering up to a new 14-year high which is now very close to the all-time high made in 2011. It also outperformed Gold and all other precious metals. These are bullish signs, as is the breakout from the linear regression analysis shown within the price chart below – the price is well above the upper bound. With Silver’s outperformance against Gold, it is probably worth being bold on the long side here. Having said, if you are just entering a new long trade here, as the move is quite extended, a smaller position size might be wise. Volatility is high, so a strong downwards movement is possible when the retracement finally comes. I remain very bullish on Silver but worry that it may have peaked on such a large move. Trading the trend with a trailing stop is a good answer to this dilemma if you do it systematically. There could well be profit taking at $50, especially if Gold reaches $4,000 systematically. XAG/USD Weekly Price Chart XAU/USD Gold rose last week to rise to print a new all-time high, but closed a bit below that high and the round number at $4,000. It is worth noting that Gold underperformed Silver last week, but not by a lot The long-term bullish trend and break to new record highs are bullish factors, as is the strong US stock market, as the US stock market has tended to be positively correlated with Gold, to the surprise of many who see it as a hedge against inflation. For anyone who is only entering a long trade now, it might be wise to use a smaller position size to account for any sudden high-volatility snapback towards lower prices. Just like the stock market, you have to wonder how much further this bull run will last – but it is backed by a very strong long-term bullish trend, and you trade against that at your peril unless you start to see clear signs of a reversal in the price action – which is not showing here yet. There could well be profit taking at $4,000, especially if Silver reaches $50 simultaneously. I am bullish on Gold, but it might be wise to take a smaller long position here than with Silver, which looks more bullish. XAU/USD Weekly Price Chart Bottom Line I see the best trades this week as: Long of the S&P 500 Index. Long of the NASDAQ 100 Index. Long of Silver. Long of Gold. Ready to trade our Forex weekly forecast ? Check out our list of the top 100 Forex brokers . Market analysts suggest the silver gold price forecast may see gold targeting $2,370 if bond yields ease, while silver could benefit from supply constraints in Latin American production, lifting spot prices toward $28.