Name: Will Gold Price Crash 50%? Silver Explosion Not Yet Over, What's Next | Gary Wagner
Uploaded: 2025-06-12T05:14:07+00:00
Duration: 2281 s

Speakers

Gary Wagner — Editor, TheGoldForecast.com

David Lin — Founder & Host, The David Lin Report / ex-Anchor, Kitco News

Summary

Gary Wagner, editor of TheGoldForecast.com, discusses silver's sharp June surge and gold's sideways consolidation. He links precious-metals support to a weaker dollar, unresolved trade and tariff uncertainty, and Fed policy expectations while laying out key technical levels for gold and silver. Wagner remains long-term bullish on precious metals but warns of a sizable gold correction if macro fundamentals shift and sees extreme short-term volatility in silver.

Silver rose more than 10% in under two weeks while gold consolidated near $3,300-$3,400.
Wagner views dollar weakness as a key driver for gold and silver, with the dollar index at a critical level near 98.
He expects no Fed rate cut at the June FOMC and says the labor market may determine the timing of future cuts.
Gold remains technically bullish above the 50-day moving average, with Wagner's year-end target at $3,600-$3,700.
He warns that a break below $3,100 could signal a gold bear market and a $300-$700 correction if fundamentals shift.
For silver, he is long-term bullish, may trim 20%-25%, and sees $42 as next resistance with extreme volatility.
Tariff and trade-negotiation uncertainty remains a supportive factor for precious metals.

Ideas

Gary Wagner Editor, TheGoldForecast.com 2:21

Gold bullish; year-end target $3600-$3700.

Gold remains in a bullish market above its 50-day moving average and a compression triangle, with major support around $3,200 and first support near $3,300. Wagner's year-end call is $3,600-$3,700 for spot and futures closer to $3,700. He cautions that upside is more limited after the parabolic run, but does not expect the bull run to be over, especially if the dollar stays weak; investors without gold should scale in cautiously rather than allocate all at once.

Gary Wagner Editor, TheGoldForecast.com 6:01

Short dollar; 98 break opens further decline.

The U.S. dollar has fallen from 110 on the dollar index to below 100 and is at a critical area around 98. Wagner thinks it is more reasonable to expect the dollar to trade sideways or lower, and if it breaks below 98 it could fall another 4%-5% over the year. Dollar weakness is a key support for gold and silver because gold is paired against the dollar.

Gary Wagner Editor, TheGoldForecast.com 22:33

Silver long-term bullish; dollar weakness supports.

Silver has broken out to multi-year highs near $37 after being rangebound, and Wagner is long-term bullish because dollar weakness and precious-metals demand should support it. He owns physical silver bought around $30, expects it to be much higher in 10 years, and would not sell completely; he might trim 20%-25% after the run, but the story is not over.

Gary Wagner Editor, TheGoldForecast.com 33:43

Watch silver futures for pullback after $37.

In the short term, silver futures may be vulnerable after breaching $37. Wagner says if the move proves unsustainable, futures traders should look to sell into it rather than buy and hold; $42 is the next upside resistance, $47.50 is the absolute high, and support is $33.80 then above $31. He expects extreme volatility at these levels, so tight stops are unlikely to work and traders need an interim strategy.

Will Gold Price Crash 50%? Silver Explosion Not Yet Over, What's Next | Gary Wagner

Summary

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