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Gold Headed Toward $3,500, Silver Toward $40–$50 Before Next Rally, Chambers Says

2026-07-21 21:58:04

XAG4.44%

According to veteran markets commentator Clem Chambers in an interview with Kitco News, gold is likely to bottom near $3,500 an ounce, with silver settling between $40 and $50, before the metals begin their next upward move. Chambers, founder of financial website ADVFN, noted that gold has already slid to around $4,000 from a January record near $5,600, while silver has fallen more than 50% from its peak above $120 earlier this year. He plans to start buying the metals again before the end of 2026, employing a dollar-cost averaging strategy once silver drops below $50.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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