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Gold (XAUUSD) & Silver Price Forecast: Ceasefire Holds — Gold Tests $4,700 Support, Silver Hits $84.10 — Next Break?

By FXEmpire May 12, 2026 Bullish
Gold (XAUUSD) & Silver Price Forecast: Ceasefire Holds — Gold Tests $4,700 Support, Silver Hits $84.10 — Next Break?
Gold trades at $4,702.60 testing the lower blue descending channel with neutral RSI, while silver surges to $84.11 displaying strong momentum above $82 support. Central bank demand and persistent industrial shortages underpin both metals amid fading geopolitical risks.
Tickers: AAAUBARDBPDGLGLDGLDMIAUOUNZSGOLSILSILJSIVRSLVSLVPUGL
Gold trades at $4,702.60 testing the lower blue descending channel with neutral RSI, while silver surges to $84.11 displaying strong momentum above $82 support. Central bank demand and persistent industrial shortages underpin both metals amid fading geopolitical risks.