It shines in this week’s analysis!
Aksjeanalyser.com takes a closer look at the Gold and Silver prices!
As we all know, both the Gold and Silver prices have shown a very strong development for a long time now. The big question is what will happen in the future? Is it time to secure gains, or is there still a big upside for gold and silver prices from current levels? This is what Aksjeanalyser.com is trying to find some answers to today.
The gold price has risen by 126 percent over the past three years. From September 2022, when the gold price was around USD 1,622, to today September 2025, when the gold price is now around USD 3,665.
The silver price has risen by 133 percent over the past 3 years. From September 2022, when the silver price was around USD 18.00, to today in September 2025 when the silver price is around USD 42.00.
Aksjeanalyser.com examines the technical picture for the Gold and Silver Price signals in regards to the upcoming development in the short and long term.
Technical Analysis of Gold and Silver prices!
Technical Analysis of the Gold Price
The gold price moves within both a short-term and long-term rising trend.
Further increases are signaled both in the short and medium term for the gold price.
However, it is worth noting that the gold price is now becoming very overbought both in the short and medium term, and according to various momentum indicators.
Both the short-term and long-term rising trend within which the gold price is moving indicates that it may well have the potential to reach around USD 4,000 – 4,200 in 6-12 months’ time. In other words, an increase of around 10-15 percent for the gold price from the current level of around USD 3,665.
The peak may thus be relatively close for the gold price in the short and medium term, but there is still an indicated potential for an increase of around 10-15 percent from the current level, and according to the overall technical picture currently shown for the gold price.
As mentioned, the gold price has risen by 126 percent over the past three years, and from September 2022 when the gold price was around USD 1,622 to today September 2025 when the gold price is now around USD 3,665.
The gold price can thus stretch somewhat further and perhaps rise another 10-15 percent from today’s level over the next 3-6 months. Then the gold price will meet resistance up against the upper trend line in both the short-term and long-term rising trend.
Technical Analysis of the Silver Price
The silver price is also moving within a rising trend in both the short and long term, and the silver price is now approaching resistance towards the upper trend line in both the short and long term rising trend.
The upside potential only indicates a rise to around USD 44-46 in the next 3-6 months, and the silver price is overbought in both the short and medium term.
According to the overall technical picture for the silver price and also for the gold price, it may be a good idea for those who have positions in gold and silver to start hedging gains.
The downside currently seems to outweigh the upside, and both the gold and silver prices are, as mentioned, heavily overbought in both the short and medium term, approaching significant technical resistance levels.
It is always difficult to time an exact peak, but the overall technical picture for both the gold price and the silver price indicates that we may be approaching a peak for both of them soon.
The gold price may be able to extend somewhat upwards, but the upside for the silver price now seems very small compared to the risk of a larger downward correction.
To summarize: High risk of downward corrections in the near future!
In summary, Aksjeanalyser.com assesses the overall technical picture for the gold price to be such that it may stretch up another 10-15 percent before hitting significant technical resistance at the upper trend line in both the short-term and long-term rising trend.
The silver price is already very close to significant technical resistance around USD 44 – 46, while the price today is around USD 42.
So even though there may (according to the technical picture for the gold price and the silver price) be a continued upside of between 5 to 15 percent for the silver price and the gold price respectively. Aksjeanalyser.com has a hard time recommending buying gold and silver at the current price levels, since the risk of larger corrections down in the near future are relatively high.
For those invested in gold and/or silver, Aksjeanalyser.com would consider securing the good gains.
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