Gold is eyeing a massive run to $6,000, and silver just broke out past $80. Gary Wagner reveals the exact charts driving the precious metals bull market and maps the key technical levels you need to watch.
Despite a hotter-than-expected U.S. jobs report reinforcing the Federal Reserve’s “higher-for-longer” rate stance, the precious metals sector is accelerating. Gary Wagner, Editor of The Gold Forecast, joins Kitco News Anchor Jeremy Szafron for a special technical presentation detailing the Elliott Wave structure of gold and the mathematical case for a $6,000 target by year-end.
They also break down the next resistance levels for silver—including a potential run to $90—and analyze what the U.S. Dollar (DXY) and GDX miners are signaling for the long-term rally.
Recorded May 8 2026
Follow Jeremy Szafron on X: @JeremySzafron (
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Timestamps:
00:00 – Gold Surges Despite Jobs Data
01:32 – Elliott Wave Bull Market Setup
04:18 – Three Rally Legs Get Steeper
08:58 – Blow Off Top And ABC Correction
10:12 – Resetting The Count Wave 1-3
14:43 – Why 6000 Gold Is Plausible
15:47 – Geopolitics And The Paradigm Shift
17:57 – Elliott Wave Psychology Explained
20:15 – Dollar Index DXY Versus Gold
22:51 – Silver Breakout And 90 Target
26:30 – Miners GDX Confirmation Check
28:12 – Key Levels Invalidation
#Gold #Silver #GaryWagner #KitcoNews #Investing
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The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.
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29 Comments
STILL WAITING FOR THE $80.00 CURRENTLY $55.00 JULY 19TH
Now is clear with this expert. BS
Very nice prediction
silver is trash
since when did gold hit $4900 recently?
this old dude garys is alway wrong hes burnt out he never got rich as a trader so how can he advise anyone elese look gold not going to 6000 any time soon many in the next 15 year it will see 6000 for now gold is stuck in a range 4000- 4700 garys an idiot
The 2-yr. yield indicates a rate hike. How can gold go to $6k?..
Elliot Wave is BS GARBAGE, Never Never trust Elliot Junk
Paper silver will crush you
😂😂😂 Milk. Aged like milk.
No one is buying them America n bonds??
This didn't age well
Rubbish
Silver right now is in bearish zone
Accept it or not
U really don't know, how much big players are so Smart than ur disciplined homework 😂😂😂
Sell on rise
It's a TRAP 🪤🐀 for retail investors
I think this gold correction is going to last longer then most technicians like Gary anticipate. This may be due to a fundamental issue on the horizon and that is the possibility of the second leg of a bear bond market move down. Just consider the horrible PPI that came out for April. The monthly chart is signalling a longer consolidation then Gary anticipates. I don't think we see $6000 this year although gold is still bullish going forward.
Will Silver get a new all time high after wave 5?
This the same dude who predicted 500$ silver for July , August?
Congratulations Jeremy!
The shamelessness of uploading this video as if I don't own a Welles Ltd. Time Glass…
Gold spot – December 21st, 2026 – $4,621.01
Silver spot – December 21st, 2026 – $79.03
But those numbers wouldn't have gotten you the engagement, would they.
Gary is the best in gold and silver technical analysis. Thanks Gary.
6k ? It’s almost below 4500
Congratulations jeremy and thanks to Gary Wagner for his wonderful insights.
Gary thankyou and take care of ur health man we love you 😊
It won’t go up and the war has ended simple
Not sure about your forecasts, but believing the MSM and the governments account of the war demonstrates an impressive level of ignorance and denial.
Dropping volume on the weekly with rising prices on the weekly.
Draw your own conclusions.
Gary basically says it can go either way thank you for that direct analysis😂😂😂😂
Gold hit 5600 an oz in the beginning of the year before being manipulated back down to think that it's only going to be 6000 by year-end is a complete joke😂
Elliot wave never works out!
I am not sure who is being hired other than soldiers or bomb makers. Certainly not tech or automotive