Gold and silver are stabilizing, but a turnaround remains unconfirmed

Gold is trading near $4,137, while silver is hovering around $57.27.

The technical picture remains cautious. Gold’s indicators still lean bearish, with its RSI near 32. Silver looks slightly stronger, but an RSI around 46 suggests that bullish momentum has yet to gain traction.

What should investors watch next?

• 🟡 Gold: The $4,130 area is worth watching, followed by the psychological $4,100 level.
• ⚪ Silver: A sustained move above $57.80 would be an encouraging first step. The bigger challenge remains $60.

Rising oil prices could also complicate the inflation outlook ahead of the Federal Reserve’s next policy decision.

My view: Precious metals appear to be searching for stability rather than preparing for an immediate rally. For silver, I’d want to see a sustained break above resistance before becoming more confident that the recovery has room to run.