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Gold and silver are poised for significant movement in the coming weeks, with Federal Reserve interest rate decisions serving as the primary catalyst. Bybit’s analysis suggests both metals could enter a bull run if the Fed implements expected rate cuts. Precious metals have already seen substantial gains this year, with further upside potential on the horizon.
- Gold has gained 32% YTD and recently reached a new all-time high of $3,508/oz, with analysts targeting $4,000 by year-end
- Silver has outperformed gold with 40% YTD gains but remains 25% below its 2011 all-time high of $50/oz
- Federal Reserve rate cuts expected this month (from 4.5% to 4.25%) and potentially in November/December would drive capital from banks and bonds into precious metals
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