Silver Pullback or Breakdown? The Chart Lines That Decide | Gary Wagner

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 2025Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron)Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW)Follow Gary Wagner on X: @goldforecast (https://x.com/goldforecast)00:00 Intro & Market Programming Note 01:11 Gary Wagner Interview: The Grounded Playbook 01:36 The 5-Day Rebalancing Shakeout01:47 Is Silver Crashing? Correction Analysis 02:07 Gold Price Strength & "Anchor" Levels02:47 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__________________________________________________________________Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage. FOLLOW US:  X: https://x.com/kitconewsnow  Instagram: https://www.instagram.com/kitconews  Facebook: https://www.facebook.com/KitcoNews  LinkedIn: https://www.linkedin.com/company/kitconewsListen to the PODCAST on🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233🎧 All podcast episodes available here → https://kitconews.buzzsprout.comVisit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.  Live gold price and chart: https://www.kitco.com/charts/goldLive silver price and chart: https://www.kitco.com/charts/silverLive crypto market data: https://www.kitco.com/price/cryptoLearn more about Kitco News: https://www.kitco.com/news/about/ For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising  Disclaimer:  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.