Silver Price Rally Nearing Peak, Warns PACE 360 Strategist Amit Goel

Commodities
C
CNBC TV18•20-01-2026, 14:43
Silver Price Rally Nearing Peak, Warns PACE 360 Strategist Amit Goel
- •Amit Goel, Co-founder and Chief Global Strategist at PACE 360, believes the historic silver price rally is nearing its peak.
- •The uptrend, which began mid-2025, has delivered exceptional gains, with prices surging 50% in the last month alone, signaling potential overheating.
- •Technically, silver is approaching key resistance zones of $98-$99 per ounce, with an upper band near $103-$104 potentially marking the cycle's peak.
- •The gold-silver ratio, now at a new low of 49.35, and regulatory actions like higher margins on COMEX and MCX, indicate caution.
- •A sharp correction of around 20% is possible after price targets are met, especially with silver trading at a 6-7% premium on MCX.
Why It Matters: Silver's historic rally shows signs of peaking, with a potential 20% correction on the horizon.
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