金银高位巨震

Core Viewpoint - The recent sharp fluctuations in gold and silver prices are attributed to profit-taking triggered by technical overbought conditions and a calming geopolitical situation, leading to a significant market correction after reaching historical highs [2][4][5]. Price Movements - On October 21, London gold experienced a drastic drop of 6.3%, marking the largest single-day decline since 2013. By October 22, gold prices fell further, nearing $4000 per ounce after a peak of $4381.484 per ounce [2]. - Concurrently, London silver prices fell below $50 per ounce on October 21, with a maximum daily drop of 8.72%, settling at $48.43 per ounce by October 22 [2]. Market Analysis - Analysts indicate that the recent volatility in gold and silver prices is primarily due to profit-taking from an overcrowded bullish market, with significant gains accumulated since late August [4][5]. - The gold price has risen over 65% and silver over 88% this year, leading to concerns about potential market peaks following such rapid increases [6]. Future Outlook - Despite the recent corrections, analysts believe that the long-term bullish trend for gold remains intact, supported by ongoing geopolitical tensions and central bank gold purchases [8]. - The World Gold Council notes that overall gold holdings are still low compared to historical highs, suggesting potential for future growth [8]. - For silver, a positive outlook is maintained due to its financial, industrial, and speculative attributes, which could drive demand and price increases [9].