Gold Silver The analysis from August 5th is still valid—gold and silver remain in a bullish trend. Hold onto positions and push for take-profit. The daily top positions we identified for gold and silver have been dropping for almost half a year now. Gold at 5500, silver at 120—it’s unlikely they’ll return to their previous peaks anytime soon. This wave of gold and silver pullbacks has basically reached its target based on daily strategies. After six months of consecutive drops, gold is down -25%, and silver is down -50%. Short positions have seen massive profits. If anyone still has high short positions, you might consider taking some profits here. Consistent with our live stream analysis, gold and silver have now reached short-term bottom support levels. The daily downtrend might be coming to an end. For the next moves, just follow your strategies to enter positions accordingly.