Gold & Silver May Face a Shakeout Before the Next Big Rally | Chris Vermeulen
Speakers
Chris Vermeulen — Founder, The Technical Traders
— Chopping Block co-host
Summary
Chris Vermeulen discusses gold and silver's long-term uptrend but short-term mixed signals. He expects a correction to $3,600 gold and $40 silver before a massive rally to $8,800 and $175 respectively. He advises waiting for the correction to buy.
- Gold and silver are in a long-term super cycle uptrend.
- Short-term trends are down, creating mixed signals.
- A correction to shake out euphoric buyers is likely.
- Gold downside target: $3,600 per ounce.
- Silver downside target: $40 per ounce.
- Long-term upside targets: $8,800 gold, $175 silver.
- Vermeulen prefers to wait for a clear signal before buying.
- He currently favors equities over precious metals.
Trade Ideas
Buy gold at $3600, silver at $40
Gold and silver are in a long-term super cycle uptrend but short-term mixed signals. The market is likely to correct to shake out euphoric buyers, with gold targeting $3,600 and silver $40 before resuming the uptrend to $8,800 gold and $175 silver. Investors should wait for a correction to these lower levels to buy physical bullion for a multi-year rally.
Up Next
This Wealthion video, published May 08, 2026, features Chris Vermeulen discussing GLD, SILVER. 1 trade idea extracted by AI with direction and confidence scoring.
Speakers: Chris Vermeulen · Tickers: GLD, SILVER