🚨 Special Precious Metals Review: Live at 1 PM ET🚨
Join Geof Smith on Zoom as we close out the month with a deep dive into the silver market and a specific trade setup designed to target extra income regardless of market direction [tap to join]
Gold and silver have been pulling back recently. Some traders are nervous, others are locking in profits, and it’s natural to wonder if the rally is over. I don’t think it is — and here’s why.
Central Banks Are Still Loading Up
Central banks are continuing to buy gold and silver aggressively. That pace hasn’t slowed and may be faster than this time last year. While retail traders are selling, the largest institutional buyers are still backing up the truck. That buying pressure alone keeps a floor under the market.
More states in the U.S. are recognizing gold and silver as legal tender. When precious metals can be used for transactions without sales tax, it quietly boosts demand and changes public perception of real money. These shifts often build slowly and then accelerate rapidly.
What we are seeing now is short-term profit-taking, not a structural breakdown. People got long, saw gains, and are taking some off the table. That’s normal. But with central banks soaking up supply, short-term selling pressure tends to fade quickly.
History Rhymes — Especially With Silver
History provides context. During the Fed rate-cut cycle in the 1970s, gold didn’t just drift higher — it exploded, gaining 369%. Traders focusing on daily noise missed the bigger opportunity forming beneath the surface.
Silver often follows gold but tends to lag before outperforming. Since 2018, gold and silver have moved closely together, with silver often catching fire later. Early signs of that pattern are appearing again, suggesting silver could outperform as gold steadies.
I’m not chasing headlines. I’m watching behavior, history, and momentum. When central banks continue to accumulate, states redefine real money, and historical patterns repeat, short-term weakness becomes an opportunity to position or add without chasing price.
Stay disciplined and don’t let short-term noise shake you out of a longer-term setup.
Geof Smith
Geof Smith Trading
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*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk.
P.S. Get My Special Review On Precious Metals On Zoom
At 1 p.m. ET, I’ll share my thoughts on precious metals as the month draws to a close.
Plus you’ll get details on a trade you can use to target extra income from the silver market, regardless of what happens next in the markets.
Disclaimer: We develop tools and strategies to the best of our ability, but we can’t guarantee the future. There is always a risk of loss when trading. Past performance is not indicative of future results. Since LIVE trading began on 9/18/25, there have been 21 trades, with 16 winners and three still open, continuing the undefeated streak. In LIVE trading, the average return has been 32.03%, and the average hold time has been 17 days.
