Gold and silver prices are approaching the end of a long-term cycle. According to veteran technical analyst Avi Gilburt, 2026 could be a turning point that may lead to a multi-year decline.
Redaksiya reports that Avi Gilburt, founder of Elliottwavetrader, stated in an interview with Kitco News that the current long-term cycle for gold and silver is nearing its final phase. Gilburt shared his views in an article written by Neils Christensen. According to Gilburt, the price increase of these precious metals could result in a decline that may begin in 2026. The analyst notes that this period could last for several years, similar to previous cycles.
Gilburt uses Elliott wave theory to analyze the price movements of gold and silver. This theory attempts to predict price trends based on market psychology and investor behavior. Gilburt believes that the current rally in gold is in the fifth wave of a five-wave pattern. In his opinion, this is a phase where prices reach their peak and then begin to decline. A similar situation is expected for silver. Gilburt believes that silver, like gold, is nearing the end of its bull cycle and could enter a significant correction in 2026. This correction emphasizes the importance for investors to be cautious when investing in precious metals.
Gilburt advises investors to be cautious when investing in gold and silver. He notes that the price rally is nearing its end and a decline may occur in the coming years. Therefore, investors should consider the risks and adjust their investment strategies accordingly. Gilburt also recommends that investors closely monitor market conditions and study technical analyses. This can help them make more informed decisions and prevent potential losses.
Avi Gilburt's forecasts provide important information about potential changes in the gold and silver markets. In his view, 2026 could be a significant turning point for these precious metals. Investors should re-evaluate their investment strategies considering these forecasts and be prepared for market changes. This will help them maximize their returns from gold and silver investments in the future.