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Peter Spina, CEO at GoldSeek.com, observes that as expectations for much lower gold and silver prices become widespread, market capitulation could be near.
Spina points out that the prevailing bearish outlook may signal a potential turning point for these precious metals.
Spina recently noted that gold and silver reversed sharp early gains to post notable declines during the Iranian conflict, as seen in his analysis of precious metals price moves. He also highlighted Deutsche Bank's decision to cut its gold price forecasts by up to 22 percent amid softer investor demand. The recent bearish sentiment follows months of shifting perspectives on bullion pricing.