**[Gold and Silver Monthly Charts Both Signal Bearish Trend, Bull Market May Take Six Months to Recover]** BlockBeats News, April 14: According to the latest report from Heraeus Precious Metals analysts, both gold and silver formed bearish engulfing patterns on their March monthly candlestick charts—opening higher than the previous month but closing lower. This signal closely aligns with the timeline of the bull market stalling at the end of January and the U.S.-Israel military action against Iran. Analysts warn that before the bull market can recover, the precious metals market may need to undergo several months of consolidation and sideways movement. For gold, the last occurrence of a similar bearish engulfing pattern was in April 2022, after which gold prices fell from $2,000 per ounce to $1,600 per ounce over six consecutive months of decline. Heraeus noted that if the recent upward trend reverses, the next key support level would be near the March low, approximately $1,410 per ounce. However, analysts also pointed out that rising inflation and declining real interest rates will support gold demand, and the current correction is likely to be absorbed by the ongoing bull market. Regarding central bank gold purchases, central banks globally remain net buyers, with February's net purchases totaling 27 tons, up from January's 5 tons. Poland's central bank increased its holdings by 20.2 tons in February, marking the largest single-month increase in nearly a year. Uzbekistan and Kazakhstan also increased their holdings, while Turkey and Russia were the main sellers. For silver, the Perth Mint's sales of silver bars and coins dropped to 976,000 ounces in March, a sharp decline from February's two-year high of nearly 2 million ounces. Sales of American Eagle silver coins also fell slightly from 1.7 million ounces to 1.6 million ounces. However, total sales for the first quarter of this year exceeded 8.1 million ounces, a significant increase compared to 5.3 million ounces in the same period last year.