Gold and silver reverse early surge amid Iranian conflict, Peter Spina warns

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1 hour ago

Gold and silver reverse early surge amid Iranian conflict, Peter Spina warns — Gold, silver face sharp reversal risk

Peter Spina, CEO at GoldSeek.com, observed a dramatic reversal in gold and silver prices after a strong rally at the start of the year.

Spina highlighted that, while prices initially overshot to the upside, they are now overshooting to the downside, with ongoing geopolitical tensions involving Iran contributing to the decline. He suggests there is increased risk in prices falling further but also notes the market is nearing capitulation.

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Spina previously commented on India's decision to require prior approval for silver imports after spending a record $12 billion by March 2026, according to recent regulatory moves. He has also observed Bitcoin testing key support levels against gold and silver, warning that another wave of selling could follow if the level breaks in recent analysis. These developments highlight ongoing shifts in precious metals and related markets.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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