Below are updated price targets for gold, silver and mining stocks.
Gold & Silver Bull Markets
January 23 (King World News) – Graddhy out of Sweden: The precious metals bull is now shaking off the weak hands. And the people calling for outrageously low numbers. It is not the first time it has happened, and it will not be the last.
Always remember that the precious metals (pm) bull will often take you to the mental edge, and over the edge. The precious metal bull simply wants as few onboard as possible. In playing precious metals, you need your big pants on. And if you focus on bias, emotions, macro overthinking, why, irrelevant news, etc, or follow the wrong people, you will struggle.
You need to focus on the bigger picture, not if gold or silver drops on a single day or not. You have to know where the metals are in their daily plus weekly cycles so you can have confidence in where they are going.
Also, with gold only being 2.5 year into this 8 year cycle, plus that it broke out of a 13-year bullish pattern a year ago, and is now making higher highs and higher lows, it means the way is up.
And, you need to not do anything stupid since the worst thing that can happen to you in a roaring bull is not a small decline, it is losing your positions just before the next leg up begins.
Make sure you are onboard for the next leg up to gold $3000–$3300 and silver $40–$45.
Gold Miners
Graddhy out of Sweden: The fact that miners are sometimes lagging the metals is not very useful info. And repeating that endlessly shows one does not understand the miners, or big picture charting.
Miners have a huge blue backtest in the making, that is why they are not reacting to metals’ every move here. But what happened after that previous blue big picture backtest was done? Yes, exactly.
HUI Gold Mining Index Poised To Skyrocket After Successful Backtest
Playing miners is all about timing, as with metals.
The chart below shows the bull market uptrend channel since the bear market low in 2016. The second blue massive consolidation pattern is just now being backtested. Remember that big patterns lead to big moves.
Silver
Graddhy out of Sweden: The weekly cycle has bottomed and silver should now see $40–$45 next.
I have been noting for 10 weeks that $30.00 level and triple support there will most probably hold.
Gold had the 8 year cycle low back in 2022 (which I noted in real-time), and broke out of a 13-year bullish pattern a year ago (which I also noted when it happened). This means gold is only 2.5 years into this 8-year cycle, and that it broke out of a 13-year pattern base a year ago. And gold and silver are making higher highs and higher lows.
With a backdrop like that, do not listen to the ones calling for outrageously low numbers during the declines, especially since gold is now in a resumed, raging bull market.
I have also been stating all along that $26.50 silver has been backtested twice with the two blue inverse head & shoulders neckline backtests, so no need to go there again.
Gold & Silver To Explode Higher!
To listen to one of Michael Oliver’s most important predictions ever discussing an imminent explosion higher in gold and silver prices CLICK HERE OR ON THE IMAGE BELOW.
Just released!
To listen to Alasdair Macleod discuss why gold is set to skyrocket and why the dollar surge will be catastrophic for the global economy in 2025 CLICK HERE OR ON THE IMAGE BELOW.
© 2025 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the articles is permitted and encouraged.