Gold and silver kept falling on Thursday as uncertainty over US monetary policy weighed on precious metals. Silver dropped more than gold, and the analysis flags buying zones to watch, while stressing that a confirmed trend reversal has yet to appear.
December gold futures traded around $4027.20 per ounce, down approximately 0.50%, as the latest Federal Reserve-related developments kept pressure on the metals. December silver futures changed hands around $52.285, declining approximately 2.70%. Both metals stayed highly volatile during the afternoon European session, ahead of the US market opening.
Silver is experiencing greater selling pressure than gold, which the source ties to its higher short-term volatility and sensitivity to shifts in investor sentiment. However, the analysis says a decline alone does not confirm that a bottom has formed.
Buying zones the analysis flags
For gold, the analysis names $4020–$4030 per ounce as a potential buying zone, with targets of $4070, $4080 and $4100. If gold breaks decisively below that zone and selling pressure intensifies, the rebound scenario may weaken.
In silver, the potential buying zone runs $52.100–$52.300, with targets of $53.500, $54.200 and $55.000. Silver fell approximately 2.50% during the session, which creates the possibility of a technical rebound but also signals elevated downside risk.
What could move prices at the US open
Any further reassessment of the Fed's interest rate path could influence the US dollar, Treasury yields and precious metal prices. A weaker dollar or declining yields could support gold and silver, while renewed strength in either could add pressure.
The analysis advises traders to set a stop-loss before entering a position and to consider booking partial profits at the first target. Volatility could increase when US markets open, and a sudden move in either direction could change the intraday outlook.
Source: Investing.com
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