As of: November 14, 2025 by Florian Grummes
After the prices for gold and silver came under strong pressure for a week from October 21, a bottoming-out phase initially followed, starting from 3,886 US dollars for gold and 45.55 US dollars for silver. In particular, the silver price developed a clear reversal formation and consequently took the lead.
With a dynamic start to this trading week, the prices of both metals were able to recover significantly until yesterday, Thursday. The silver price narrowly missed its new all-time high of 54.48 US dollars with a high of 54.39 US dollars.
However, the bears are making a strong comeback this Friday. An initial setback had already become apparent in the course of yesterday’s trading day, but new buyers initially quickly returned to the precious metal markets. Starting from a high of 4,211 US dollars in early Asian trading, the
At the same time, the stock and crypto markets are also coming under increasing pressure. Bitcoin was recently unable to maintain the 100,000 US dollar mark and is losing -4.2%. The 95,000 US dollar mark must now be defended on a weekly closing price basis, otherwise further setbacks are threatened. And the DAX also fell temporarily by 3.67% from its high yesterday.
Overall, the financial markets have been repeatedly looking into the abyss in recent weeks since the new all-time high in the gold price (4,380 US dollars) and the subsequent sharp correction. In particular, the high and sometimes extremely questionable valuations in the US tech sector are causing uncertainty and concern. It seems as if the stock markets therefore want to literally force the next US interest rate cut in December.
So far, however, every phase of weakness has been followed by a rapid recovery or countermovement. In view of the overall favorable seasonal component (year-end rally), we therefore assume that the markets are not facing a crash.
Gold Price Falls by over 210 USD within 26 Hours
Gold in US dollars, daily chart from November 14, 2025. © GOLD.DE
The gold price has suffered a dramatic slump in the last 26 hours and has plummeted from yesterday’s daily high of 4,245 US dollars to 4,032 US dollars. In the big picture, the upward trend on the gold market continues as if on rails and is completely safe. Nevertheless, the sharp and rapid correction of over 210 US dollars makes it clear that the consolidation that began at the end of October is not yet over.
In any case, the red daily candle on the daily chart is triggering a new stochastic sell signal. In the short term, however, the situation is strongly oversold, so that the psychological mark of 4,000 US dollars is unlikely to come into focus initially. At 3,855 US dollars, however, the lower Bollinger Band runs significantly below the current price action. In the “worst case”, the gold price still wants to test this support. A possible scenario would be, for example, a second foothold in the area around 3,885 US dollars.
Key Takeaways:
Despite the sharp setbacks shortly before the weekend, the overarching upward trend in precious metal prices remains clearly intact. After the dynamic recovery at the start of the week, both metals have lost significant ground, but the
Uncertainty continues to prevail in the broader market environment: stock and crypto markets are showing weakness, while investors are speculating on the next US interest rate cut in December. The current nervousness is a reminder of how fragile confidence in valuations, particularly in the tech sector, remains. At the same time, the traditional seasonal strength towards the end of the year speaks against an immediate crash scenario. Rather, the current correction should be seen as a necessary cleansing in the context of an intact bull market.
