Commodities Specialist
Third-generation commodities trader from Houston. Grew up around oil rigs and grain elevators. Studied geology at Texas A&M before trading energy markets for 8 years at a regional firm. Now trades his own book and writes about commodities with the authority of someone who has physically visited the mines and wells.
Silver price forecast for April 2026 centers on the $67-$71 support zone after XAG/USD crashed 44% from its $121.64 all-time high. Analyst targets range from JP Morgan's $81 to Bank of America's $309, while a sixth consecutive supply deficit keeps the structural bull case alive.
Silver sits at $67.97 per ounce after crashing 42% from January's $116.61 peak. The structural supply deficit, now in its fifth consecutive year, and accelerating industrial demand from solar and EVs suggest the pullback is a buying opportunity, not a breakdown.
Gold crashed 21% from its $5,603 all-time high to the $4,431-$4,493 range. Turkey dumped 60 tons of reserves, ETFs bled $5.67 billion in outflows, and the Fed's hawkish shift killed rate cut hopes. The $4,370 support level now decides whether gold targets $4,000 or mounts a recovery.
Gold crashed 21% from its $5,600 all-time high, briefly dipping below $4,300 on March 23 before stabilizing around $4,474. The Fed's hawkish hold and surging oil prices have broken gold's safe-haven playbook, leaving traders watching the 200-day EMA at $4,200 as the make-or-break level.
Silver price crashed 14% in a single day to $66.93 per ounce on March 19, 2026, extending losses from the January all-time high of $116.61. The structural supply deficit and explosive solar demand remain intact, but the volatility is punishing overleveraged positions.
Gold price crashed 9% to $4,901 per ounce on March 16, 2026, after the Warsh Fed nomination triggered the largest single-day precious metals selloff in this cycle. With gold still up 67.4% year-over-year and $6,000+ analyst targets intact, the $5,000 level now decides everything.
Gold price slipped below $5,200 on March 11, pulling back 7-8% from its all-time high of $5,589.38. The correction is driven by fading Fed rate cut expectations, but the structural bull case built on central bank buying and geopolitical risk remains intact.
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