Gold and Silver Price Forecast: Rebound Faces Risk of a Deeper Drop - FXEmpire

AI desk brief

Gold and silver rebounded in early Asian trade, but the setup remains fragile: spot gold is near $4,158/oz and silver around $61.40/oz, with both markets still capped by high US Treasury yields (10-year near 5.26%). FXEmpire says a sustained fall in oil and yields is needed to stabilize the rally, while renewed Yemen/Middle East tensions could support haven demand but also lift oil and inflation expectations, keeping rate pressures alive.

Technically, gold is seen vulnerable below $4,100, which would open $4,000 initially and potentially $3,900-$3,700 if the weekly bearish structure confirms; resistance sits at $4,220-$4,300, then $4,500. Silver is holding a $60-$62.60 consolidation band; a break under $60 targets $55, while a move above $62.60-$65 would improve the rebound and open $72.