Gold and Silver Price Trends and Market Dynamics Analysis

1. Gold and Silver Market Dynamics

Latest report: The target price for silver has been raised to $150 per ounce, and the Royal Bank of Canada predicts that gold may reach $7,100 by the end of the year.

Market sentiment: Almost all major banks have turned bullish on gold, with bearish voices nearly disappearing, and market sentiment towards gold is very optimistic.

Relationship between the US Dollar and Gold: A decline in the US Dollar typically makes gold and silver priced in dollars appear more valuable. The former president has expressed no concern over the decline of the US Dollar, further reinforcing this expectation.

3. Sequence of Commodity Rotation

Rotation pattern: The rise in commodities generally follows the order of precious metals (gold and silver) → industrial metals (such as copper) → oil and gas energy → chemicals → agricultural products.

Current phase: Gold and silver have risen first, and the market is focusing on the next rotation sector, with many funds already shifting to crude oil.

Crude oil trend: Rising geopolitical risks in the Middle East may lead to global crude oil supply issues, and recent crude oil prices have quietly started to rise rapidly.