Technical analysis by POLARMARKET about Symbol PAXG: Buy recommendation (10/14/2025)

Gold and silver futures jumped to new highs on Monday, with gold breaking past $4,100 per ounce for the first time and silver exceeding its January 1980 peak. The jump was spurred by rising US-China trade tensions and the possibility of future interest rate reduction by the Federal Reserve, which increased demand for precious metals. October gold futures jumped 3.3% to $4,108.60 per ounce, while silver gained 6.8% to $50.13 per ounce. This year, gold has risen 56.3%, while silver has risen 74.2%. While some analysts expect a short-term pullback, the long-term view is still strong. According to Bank of America, gold prices might reach $5,000 and silver $65 per ounce by 2026. Julius Baer and Standard Chartered believe fundamentals continue to support an upward trend, but Goldman Sachs warns of increased volatility in silver due to its considerably smaller and less liquid market than gold. A physical supply deficit is also contributing to the pressure, with reports indicating that merchants have begun moving silver to London to capitalize on the price difference.