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Silver and gold are no longer overbought but still under-owned after steep selloff – Saxo Bank’s Hansen
Gold and silver prices are seeing a long-overdue correction, with silver’s steeper drop highlighting the liquidity gap between the two metals, but both are still under-owned in portfolios, and the structural drivers behind the rally remain intact, according to Ole Hansen, Head of Commodity Strategy at Saxo Bank. “The risk of correction in gold and silver has been steadily rising in recent days, though exceptionally strong pre-Diwali demand helped support prices,” Hansen said on Wednesday. “However, a very technical extended rally combined with renewed ‘risk-on’ tone across stock markets, a firmer dollar ... (full story)
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From proactiveinvestors.com.au | Oct 22, 2025
Morgans analyst Ross Bennett views the overnight 6% slide in gold the steepest one-day fall since 2013 as a short-term correction rather than the end of the bull market. Gold set an intraday record above US$4,381 two days earlier before profit-taking and stronger US economic data, which pointed to later rate cuts and a firmer US dollar, triggered broad ...