Core Insights - Gold prices reached a record high of $3,824.60, while silver prices hit a 14-year high of $44.77, indicating a strong bullish trend in both markets [1][5] - The current market behavior suggests that while there may be further upside potential for gold and silver, the bull markets could be nearing their peak [5][6] Price Trends - The recent price movements in gold and silver have shown bullish technical breakouts from previous trading ranges, although some profit-taking has been observed [1] - Price corrections are a natural part of market trends, which can help sustain the overall bullish momentum [2] Market Dynamics - The acceleration in the bull markets for gold and silver may indicate that major market tops could occur sooner than expected [5] - There is potential for gold prices to reach $4,000 per ounce, but the timeline for this remains uncertain [6] Technical and Fundamental Indicators - Key indicators suggesting potential exhaustion in the gold and silver markets include: 1. Two consecutive large down days could indicate that bulls are exhausted [7] 2. A bearish weekly low close could signal that the bullish momentum has waned [7] 3. Divergence in the Relative Strength Index (RSI) may indicate weakening momentum [7] 4. Rising open interest in futures during price rallies is a bullish sign [7] 5. A lack of price increase following bullish news could suggest exhaustion among bulls [7] 6. Tighter monetary policies from global central banks could dampen demand for metals [7] 7. Declining crude oil prices could negatively impact gold and silver prices [7]