Famous economist gives figures for gold and silver! 'The real storm is at the door...'

Increasing uncertainty in global financial markets and the series of harsh messages from US President Donald Trump have pushed gold prices to historic peaks. After breaking a record by exceeding 5,598 dollars in the first days of the week, gold per ounce retreated to 4,688 dollars, a decline of over 12 percent from that level. In the spot market, gold is currently trading at the 4,854 dollar level with a loss of nearly 10 percent.

GRAM GOLD RETREATED IN THE DOMESTIC MARKET

A similar picture emerged domestically. After seeing an all-time high of 7,811 TL, gram gold fell to 6,558 TL. Currently, gram gold is finding buyers around 6,788 TL.

RAPID RETREAT IN SILVER

Sharp movements were also noted on the silver side. Spot silver, which saw the 119 dollar level yesterday, dropped to 82 dollars in a short time.

SELÇUK GEÇER'S COMMENTARY ON VOLATILITY

Economist Selçuk Geçer described this activity in the gold and silver market as the "calm before the storm." Stating that the real major volatility has not yet begun, Geçer expressed that the current retreats could be a preparatory phase for a stronger rise.

Drawing attention to the course of gold per ounce around 5,500 dollars, Geçer evaluated the retreats in this region as a "healthy correction." However, according to him, this situation is laying the groundwork for a sharper upward trend.

Geçer emphasized that investors should maintain their positions, especially in gold and silver.

Geçer said that after the consolidation in the 5,500 to 6,000 dollar range for gold per ounce, the target is the 6,500 - 7,000 dollar band.

Claiming that although there is selling pressure on silver, which saw over 120 dollars, the main direction is upward and the big move will happen in silver, Geçer commented:

"This is not a retreat, it is the market catching its breath. Those who get caught up in short-term fluctuations may miss the big rally."

Stating that geopolitical risks and global inflation will continue to support gold prices, Geçer warned investors with these words:

"Those who focus on short-term movements and panic sell will lose. The real wave we will see in the market in the coming days will cause the cards to be reshuffled."

(Editor's Note: The assessments, comments, and predictions contained in this news are not within the scope of investment consultancy.)