Gold & Silver: The Next Big Move Looks Imminent

ByTTT

In my recent interview with Elijah K Johnson from Liberty and Finance, I explained why gold and silver are at a very important technical turning point. Gold needs to hold the $4,000 level, and silver needs to stay above roughly $60 to $61 to keep the short-term bullish picture intact. If those levels fail, we could see one more sharp shakeout that pulls gold closer to $3,600 and silver back toward the $40 area. But if the metals hold firm and trigger a new technical buy signal, the next major advance could be substantial, with long-term upside targets eventually reaching as high as $8,600 for gold and $175 for silver.

The key market to watch right now is the U.S. dollar. A strong breakout in the dollar could put pressure on precious metals in the near term, which is why I am being patient rather than chasing prices after a big run. I still believe we may see one final euphoric push in AI-driven equities before capital starts rotating back into gold and silver as investors look for safety during a broader financial reset. I sold my metals positions near the highs, but that does not change my long-term view: I remain very bullish on precious metals and am waiting for either a deeper discount or a fresh technical buy signal before stepping back in.

Recorded June 18, 2026

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Topics that Steve and I discussed include:

  • 0:00 Intro
  • 1:30 Gold/stock market divergence
  • 9:00 Critical gold levels
  • 12:45 Critical silver levels
  • 18:00 War deal & markets
  • 26:20 The changing tide

Chris Vermeulen
Chief Investment Officer
TheTechnicalTraders.com

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