Gold slipped 1.62% to close at

Gold slipped 1.62% to close at $3,976.24, while silver managed to finish up 1.05% at $49.39, though still well below its earlier intraday high of $51.24.

Looking at the daily chart to see how silver behaved today at that critical $50 resistance level, early in the New York session, it made a sharp attempt to test that level but failed to close above it and then pulled back.

Just a couple of days ago, everyone was celebrating gold’s move above the critical $4,000 psychological resistance level. But with today’s pullback, it slipped back below that level in both COMEX futures and spot.

Gold Target $5000? New Highs Coming?

Silver surged to a fresh all-time high, outpacing gold. Gold also enters rebound mode. Institutions upgrades gold price target to $5000 in 2026. Has your gold position turned a profit? Can gold return to its previous highs by the end of the year? Are you more bullish on gold or silver?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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