Bloomberg analyst warns: Gold and silver may have peaked, the "once in a lifetime" high may have already passed

MeNews · 2026-04-06T00:54:55+00:00

Bloomberg Intelligence analyst Mike McGlone pointed out that gold faces significant obstacles due to overheated speculation earlier this year, potentially reaching a historical high. Gold's volatility is notable, and silver may also be at a historic peak.

MeNews

2026-04-06 00:54:55

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ME News message, April 1 (UTC+8). In his April metals market outlook report, Mike McGlone, Bloomberg Intelligence’s senior market analyst, said that gold is facing a difficult hurdle caused by an overextended speculative positioning and price move at the start of the year. The peak in January could represent a “once-in-a-generation” historical high. He said that as speculative momentum turns this yellow metal from a safe-haven asset into a risk asset, gold is still in a tough struggle. He pointed out that this precious metal’s 180-day volatility is more than double that of the S&P 500, and it is at the highest quarterly level since 2006. Like gold, silver’s rise to a range of $120 per ounce in January may also mark a historical peak. (Source: ODAYLI)

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