Gold and silver prices are reeling from one of their sharpest corrections in recent months, validating forecasts by market strategist Gareth Soloway, who had warned that both metals were due for a pullback after an unsustainably steep rally.

In just two days, silver has tumbled 12% from recent highs, while gold slid nearly 5%, signaling the start of what Soloway calls a “healthy and overdue correction.” Despite the sharp decline, he maintains a bullish long-term stance, emphasizing that such retracements are a natural part of strong bull markets. Advertisement

Correction written in charts

Soloway, Chief Market Strategist at InTheMoneyStocks, noted that his technical models had predicted the downturn in silver well before it occurred. “Silver is now down over 10% from its highs. I said

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