Sharp correction in Gold, Silver – Opportunity? [Video]

Ipek Ozkardeskaya Swissquote Bank Ltd

Metals stole the show this week, delivering wild swings that left traders dizzy. Gold surged to fresh highs before an equally brutal selloff erased gains in minutes, with silver and copper following the same volatile script. Speculation, positioning and rising stress indicators all played a role, reminding investors that parabolic rallies rarely move in straight lines.

Beyond metals, FX markets are flashing warning signs: the dollar is consolidating near multi-year lows, USDJPY is creeping toward uncomfortable territory for Japanese authorities, and EURUSD is struggling to hold key levels.

In equities, rotation remains the dominant theme, with pressure on US tech heavyweights and renewed interest in European and Asian names — particularly defence and semiconductors.

Short-term caution meets longer-term conviction — while investors remain well aware that geopolitics could change any narrative at any moment.

Author

Ipek Ozkardeskaya

Swissquote Bank Ltd

Ipek Ozkardeskaya began her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked in HSBC Private Bank in Geneva in relation to high and ultra-high-net-worth clients.

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