Gold and Silver Price Forecast: Debt Fears Strengthen Long-Term Bull Case
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Key Points:
- Gold and silver are rebounding as lower oil prices push Treasury yields down.
- Rising US debt and persistent deficits support the long-term bull case for hard assets.
- The gold-to-silver ratio suggests that the next major bottom may form when the ratio peaks near resistance.
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Gold (XAU) and silver (XAG) prices rebound from the support zones as lower oil prices pull the US Treasury yields. But the short-term bearish pressure on precious metals has not eased. In my view, rising US debt, falling yields and the gold-to-silver ratio continue to support the long-term bull case for both metals. This article presents the key macro drivers, long-term technical structure and gold-to-silver ratio levels that may shape the next move in precious metals.