As the Bloomberg Commodity Index rebalancing kicks off a 5-day “mechanical shakeout” in the markets, Silver is under pressure while Gold refuses to break structure. Is this the start of a deep correction, or a massive trap for short sellers?
In this technical analysis deep dive, Gary Wagner of TheGoldForecast.com joins Jeremy Saffron to separate the noise from the trend. Wagner argues that despite the volatility, we have not seen a “true” technical correction (23%+) in months. He breaks down why the current price action is just a “tiny dip” in a supersonic bull market and issues a stark warning to traders betting against the trend: shorting here is like “standing on a train track with a train barreling down at 80mph.”
Gary maps out the critical support levels that must hold this week—specifically the “line in the sand” for Silver at $71—and explains why hitting $5,000 Gold in 2026 is now a “walk in the park.”
Recorded January 8 2025
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00:00 Intro & Market Programming Note
01:11 Gary Wagner Interview: The Grounded Playbook
01:36 The 5-Day Rebalancing Shakeout
01:47 Is Silver Crashing? Correction Analysis
02:07 Gold Price Strength & “Anchor” Levels
02:47 Technical Analysis: Gold & Silver Charts
03:33 “Buy The Dip” Strategy & Market Sentiment
09:45 Geopolitics & Global Economic Risks
11:03 Gold Price Forecast & Stability (2026 Targets)
18:00 Why Central Banks Are Buying Gold
18:50 Bull Market Sentiment & Risk Management
20:00 Conclusion & Next Week’s Coverage
#Silver #Gold #TechnicalAnalysis #GaryWagner #KitcoNews #SilverPrice #GoldChart #Commodities #Investing #Economy #GoldPricePrediction
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46 Comments
We are only on Day 1 of this 5-day rebalancing window, and the volatility is already hitting the market. While the screens are red, "insider" sources suggest this is mechanical selling rather than structural damage.
Question for the community: With Silver testing the mid-$70s, do you view this as a "Clearance Sale" opportunity, or are you waiting for the dust to settle next week? Let us know your targets below.
(Programming Note: The Kitco News team will be off next week as coverage moves to the industry event in Saudi Arabia. Use the levels in this video to navigate the week ahead!)
One analyst had said that the gold price of 33000 would be similar in some way to the previous experience relative to something.
To myself, the use of the derivatives is unnecessary if you do pay attention daily to the markets, because these would be equivalent, but for a fee.
A correction does presume that we do believe in the technical analysis of the market. That is different from the fundamental analysis of the market.
So you do presume that the subject of money and wealth shall not be explained.
Very accurate analysis!
There is a fight to the death at the Comex today in an attempt to prevent the crossing of the $100 mark on the spot market…
Today's market corrections in Silver are simply a slowdown on the rate of price increase. However, it is not Silver increasing it's value but fiat money loosing it!
Hold on to your Silver!!
This aged like milk
11 Days, Kitco! Is Jeremy partying hard in the ABC Islands? Go & dig him out.
You heard it here. $5,000 gold by the end of the year. Well, duh. More like $7,000. Wagner is like a fish out of water for some reason.
20 mins talk saying nothing we do not all ready know. Explerts Exmerts,
I’m still buying. Keep stacking
At least two more years of price increases in sliver and gold.
102$ then 20$ down
Gary must show up more offen and regularly. Like twice a month
Hey Jeremy, Think it’s time to cut Gary loose… It’s like watching a rubber band get into a knot. I think gold is going to $ $17,012.50……. 🎉 I just can’t tell you when…
Only in the paper trade.
Don't sell, most of the silver is gone and not coming back , give it time.
I appreciate the guest today.
But regarding the politics of it and Venezuela. He's not very well informed. Venezuela had interfered with elections in multiple countries with their Dominion and smart way technology. So a big reason why we went in and snapped. This dictator was because of Venezuela's election interference.
Also, there was a bounty put on this man's head by the Biden administration
Also, there was a bounty of $25 million put on this man's head by the Biden administration
And this Venezuelan dictator was offered multiple deals to cooperate and resolve the issues and he failed to accept any offers.
Also, he has ruined the Venezuelan government economics and social opportunities for the citizens of the country. Venezuela has reset their economy three times since about 2007 so under Chavez and under this guy. Y'all need to do some research before speaking on Tic's, please politics, politics politics.
This is so much nicer than the previous version. Please continue with this style mr Gold
Interviewer always wears the same suit, but Gary changes his clothes! 😂
The dude sounds as drunk as a skunk. Lol
Silver pullback? It is a $ off it's all time high.
DUB the videos please
Jezza. Gazza. Happy New Year.
Wagner is in the same boat as Soloway waiting for their $3,600 pullback in Gold.
Hope they get it😆
He is one if best accurates
Gold 🥇 Soon 5000
Silver's not going anywhere at developed a new platform of 50 to $60 keep stacking keep stacking don't listen to any of these talking heads..
Holy drunk
Gotta Love Gary. So well educated on the subject, and calls the probabilities so very well. I hope we get a healthy correction soon so I can go back in strong
Pinch your nose and CHUG.
Yawl will be buying silver well past 100, 150+.
Believe it or not
Wake up everyone, Its Vampires buying up all silver.
Are we going to see Jeremy with a beard when he gets back from Saudi Arabia? Hahahah enjoy your trip, brother.
Silver is required for all current and future technology. International multi-billion dollar corporations like tesla, Samsung, Microsoft, Nvidia and apple will not stop buying at any price. They must have metal to make their product. If there is a correction they will just snap it all up and take delivery at the reduced rate. That spells physical default and possibly force majure for comex. 5k silver would mean a 50 dollar rise in the cost of a new phone. Nobody will stop buying phones. Also f**k gold it is held by the banksters and globalist elites that are ruining our world. They want you to believe in golds value so that when their system breaks they can retain control. If you trust the pedophile elite then hold gold like them. If you want a new free fair system then buy silver. Only physical silver in your hand. No paper and no third parties between you and your metal. If you dont hold it you dont own it.
This isnt grandpa's stock market anymore. The only thing theyve ever seen move like this is crypto.
There is no major correction except going up. Going down is not a correction. The vocabulary needs to change.
❤❤❤❤
Wow he said hes advising others which is crazy considering he does not understand that market corrections can be either by price or time. Gold went sideways for weeks, that is a correction! How does he get so much airtime?
SAMURAI!!!
Please Gary, don't talk about politics.. "mature superpower"? really?
FammGary, although media and judiciary protected and negated 2020 conservative allegations of interference, there are analogies in data records that show other countries and entities manipulated outcomes in the cyber and paper oriented spheres. This systems wide capable anomalies were hidden and then interference in judicial decelaration and political control of narratives as lawfare. The heart of all that has moved worldwide polotical mismanagement and misrepresentation was developed, started and executed in BZ, under Chavez. Among other reasons into thats why the US is justified in lieu of the damage caused by an attempted socialist take iver of the US.
This dude is so so horrible on silver….. bye felicia
Gold is going to $6k+ this year.
Silver ‘well north of $100’.
The miners will shock and awe.