Benzinga
06 Nov 2025, 17:09 UTC · 51w ago
Update On Precious Metals
Impact · against what's priced in
Gold and silver miners face significant downside risk as precious metals reverse from October peaks and enter bearish technical patterns. The shift from a bullish to a bearish structure, compounded by vulnerable retail FOMO positioning, creates a catalyst for further price declines in GDX and SIL.
- GDX−0.60
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- In context
The ETF has reversed from an October high of 85 to 69, tracking gold's descent from $4,400 into a bearish flag pattern with potential targets as low as $3,540.
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