Prices for precious metals were falling yesterday, and a lot of traders took notice.
Gold prices saw 2-3% declines, while silver prices dropped up to seven percent.
There were a number of reasons behind yesterday’s price drop:
- A strengthening US dollar
- Low trading liquidity and volume due to major market holidays in the US and China
- Reduced safe haven demand amid signs of easing geopolitical tensions
- Looming uncertainty around US monetary policy due to factors like the Fed interest rate outlook and recent Fed Chair nomination
These falling prices seem to follow volatility we saw earlier this year, when precious metals pulled back from recent highs.
Despite the recent drop, most precious metals are still up—or relatively even—in 2026.
Scott Bauer takes factors like this into consideration, and is looking at the bigger picture…
Because he believes this downtrend could create an ideal “buy the dip” opportunity in gold and silver.
Scott discussed the precious metals price drop on the Schwab Network yesterday. He shared his thoughts on the likely causes, the trade opportunities he believes could emerge, and the factors that could determine what happens to them moving forward.
The analysis, insights, and strategies shared by Prosper Trading Academy’s coaches in Prosper Insider are strictly for educational and informational purposes only. All content reflects the personal opinions of the coaches and should not be construed as specific investment advice or recommendations. Any examples discussed are illustrative in nature and do not represent actual live trade signals or instructions to buy or sell securities. Trading involves risk, and individuals should carefully evaluate their own financial situation before making investment decisions.
Scott’s breakdown covers:
- Why he believes there could be a “Buy the Dip” opportunity in gold and silver
- How this current price drop compares to recent declines
- The role uncertainty could play in falling precious metals prices
- Similarities trading precious metals had with the “meme stock” craze
- Why the US Dollar could determine what happens next in precious metals
