Gold Bulls Firm After Sell-Off But Silver's Ride Bumpier

Gold prices took a huge hit last week, dropping nearly 10% in a single day, yet investors remain steadfast in their bullish stance. Silver, though, plunged a whopping 30%, and experts say it could face even more ups and downs ahead.

This all kicked off after an crazy rally that started around Donald Trump's inauguration in 2025. By the end of January 2026, gold had shot up from about $4,000 an ounce to over $5,500 in global markets like New York and London. Silver did even better, nearly quadrupling in value during that stretch. Traders were buzzing, everyone from big banks to everyday investors jumped in, driven by worries over global tensions and economic jitters.

But then a stronger U.S. dollar and calmer geopolitics triggered the sell-off on Friday, February 2, wiping out billions in value almost overnight.

Precious metals like these are go-to safe havens when stocks wobble or inflation bites. For regular people saving for retirement, gold's resilience could mean steady gains ahead. Analysts at UBS in Switzerland forecast it may climb to $6,200 by mid-2026, thanks to ongoing demand from central banks in places like China and India.

Silver, used in everything from solar panels to electronics, might not recover as smoothly, its industrial ties make it more sensitive to factory slowdowns. The markets feel like roller coaster. Still, history shows these dips often lead to comebacks.

Gold bulls seem set to charge on, while silver riders brace for bumps. Keep an eye on February's economic reports.

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