A correction in gold and silver?

Well, folks. We have the first serious pull-back in precious metals since they broke out in early September. On Friday the price of gold fell by 1.7% and the price of silver fell by no less than 4.3%. Is this the end of this bull run, or just a healthy correction? Will they consolidate their gains for the rest of 2025, or perhaps they can still reach new all time highs? This is what we’ll try to figure out on this week’s silver hermit update.
As we all know, markets do not move in a straight line. They ebb and flow, like the waves of the sea, and when a certain price moves too quickly and too far in one direction, it is only natural that we should see a pull-back. This should not surprise us, and as investors we must learn to expect it. During this spectacular move, the price of gold has risen by almost 30%, and the price of silver by 36%. Therefore they need to retreat and to consolidate their gains. This does not mean that the bull market in precious metals is over. On the contrary, a healthy pull-back will "recharge their batteries", and prepare them for another leg up.

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