Gold and silver experienced a strong correction after reaching highs earlier in the year. However, the analysis suggests that both metals still remain within a long-term upward trend.
Gold’s historical behavior shows a multi-decade ascending channel. Its midline has acted as a decisive zone, marking periods of recovery or prolonged changes in market direction.
Currently, gold appears to be testing that line from above. According to the author’s technical interpretation, holding this support could open the way for a new stage of accelerated growth.
Silver, meanwhile, appears to have completed an extended technical formation known as a “cup and handle.” Its breakout from the $50 area was presented as a favorable signal for the main trend.
A temporary return to that area could confirm support before another recovery. The scenario projected by the analyst considers significantly higher prices, although it is a technical estimate and not a guarantee.
Sharp corrections are a common part of the precious metals market. For this reason, the analysis recommends observing long-term structures and not automatically interpreting every decline as the end of the bullish cycle.
