Silver Bull Market Is BACK! - (Trade War Fuels Gold Price Surge To New Record High)

Summary

In this video, Smart Silver Stacker discusses the recent surge in gold and silver prices, particularly silver's bullish return in early 2025. With silver breaking past key price levels, the potential for a new bull market is evident, driven by factors like geopolitical tensions, trade wars, and the ongoing economic challenges in the U.S. The video outlines how these developments are fueling both metals' upward momentum, with a particular focus on gold's rise to record highs and silver's potential to surpass last year’s peaks. The broader context includes U.S. economic data and global tariff impacts.

Takeaways

• 😀 Gold prices have reached record highs, with current spot prices around $2,840, marking the highest price in history.
• 😀 The 'cup and handle' formation on the gold chart suggests gold may rise above $3,000, with the potential for this to happen in 2025.
• 😀 The 2024 gold bull market has played out as expected, with prices likely to reach $2,300–$2,400 in 2024, and $3,000+ in 2025.
• 😀 Silver has seen a 2% increase, breaking above its February 2024 trend line, signaling the return of the silver bull market.
• 😀 The silver market could surpass the $35 per ounce high from 2024, potentially reaching new decade highs by 2025.
• 😀 The silver market is following a classic Elliot wave pattern, with waves of price increases and corrections, indicating a continuing upward trend.
• 😀 Silver’s price movements suggest we might see a correction down to $31 before continuing upward or further price increases to $33–$34.
• 😀 Geopolitical tensions, including the U.S.-China trade war, are driving up the prices of precious metals like gold and silver.
• 😀 The U.S. has imposed tariffs on China, while China retaliates with targeted tariffs and export controls on critical metals like tungsten.
• 😀 Economic indicators, like weak job openings numbers in the U.S., suggest a slowing economy, which could lead to the Federal Reserve easing rates, boosting gold and silver prices.
• 😀 The massive and unsustainable U.S. national debt (currently at $36.4 trillion) remains a key factor pushing up the prices of precious metals like gold and silver.

Q & A

What recent trend has been observed in the gold market?

Gold has reached a record high, with the spot price trading around $2,840, marking the highest price in history for the yellow metal.

What pattern on the gold chart is highlighted in the video?

The video highlights a cup-and-handle formation on the gold chart, dating back to the 2011 highs, suggesting that gold may rise above $3,000 once it breaks out.

What was the price forecast for gold in 2024?

The forecast for gold in 2024 was that it would rise significantly, potentially reaching $2,300 to $2,400, with the possibility of surpassing $3,000 in 2025.

What is the significance of silver's 2% price increase in the video?

The 2% increase in silver's price indicates the return of the bull market that began in February 2024. The silver price has risen above a key trend line, suggesting potential for higher prices.

What market pattern does the silver price follow in 2024?

Silver's price follows a classic Elliott wave pattern, with alternating waves of rising and falling prices. The video suggests that silver is currently entering a new wave higher.

How might the silver price behave in the short term?

In the short term, silver could see a correction down to around the $31 level or rise higher, potentially reaching $33-$34 before facing any correction.

What are the broader factors contributing to the rising prices of gold and silver?

Factors contributing to the rise in gold and silver include trade wars, geopolitical uncertainty, the massive accumulation of debt, and weak economic data, such as the recent drop in U.S. job openings.

What role do tariffs play in the price movements of precious metals?

Trade wars and tariffs, such as those imposed between the U.S. and China, create economic uncertainty that can lead to upward pressure on gold and silver prices as investors seek safe-haven assets.

How does China's role in the global market impact the price of gold?

China, as the world's number one gold producer, has significant influence over the market. Its export controls on critical metals, such as tungsten, may also affect the price of gold and silver.

What is the current economic outlook in the U.S. and its impact on precious metals?

The U.S. economy is showing signs of slowing, with weak job numbers contributing to expectations that the Federal Reserve may ease policies, potentially driving up the price of gold and silver.

What is the relationship between U.S. national debt and the price of gold and silver?

The massive U.S. national debt, which has reached $36.4 trillion, is a key reason for the rise in gold and silver prices, as inflationary pressures from debt accumulation often push investors toward precious metals.