Bloomberg analyst warns: Gold and silver may have peaked, the "once in a lifetime" high may have already passed

MeNews · 2026-04-05T21:15:25+00:00

Bloomberg Intelligence analyst Mike McGlone pointed out that gold faces significant obstacles due to overheated speculation earlier this year, potentially reaching a historical high. Gold's volatility is notable, and silver may also be at a historic peak.

MeNews

2026-04-05 21:15:25

Abstract generation in progress

ME News update, April 1 (UTC+8). In his April metals market outlook report, Bloomberg Intelligence senior market analyst Mike McGlone said that gold is facing a difficult hurdle caused by the speculative rally that has stretched too far since the start of the year—this January peak may mark a “once-in-a-generation” historical high. He said that as speculative momentum shifts this yellow metal from a safe-haven asset into a risk asset, gold is still struggling. He pointed out that this precious metal’s 180-day volatility is more than twice that of the S&P 500 and is at the highest quarterly level since 2006. Like gold, silver’s rally in January to around $120 per ounce may also represent a historic peak. (Source: ODAILY)

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes