Gold? Silver Shares? Which Is the First Domino to Fall?…

As a result of that is the breakdown from the flag sample that was preceded by an unlimited short-term slide.

The strikes following flag patterns are usually much like the strikes that preceded it. And the large strikes in copper are usually aligned with massive strikes within the treasured metals market. Sure, the late-July slide was tariff-news-based, so it’s not that odd that gold, silver, and miners shrugged it off, nonetheless, if we now see one other slide and it’s based mostly on technical causes (thus, it really represents market’s emotional state), the percentages are that different markets would even be affected.

All in all, it appears that evidently the valuable metals market is about to get the spark triggering its decline any day now. Miners are at essential crossroads (and so is the inventory market as Inna Rosputnia explains in her latest article) and given the best way they carried out just lately relative to gold (identical to at their 2011 high) and given the breakdowns in gold, copper, and platinum, it appears like we received’t have to attend too lengthy.

In different phrases, my gold worth forecast for August 2025 stays bearish.

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Przemyslaw Ok. Radomski, CFA
Founder, Editor-in-chief