Gold and Silver Price Forecast: Truce Stability vs Policy Signals Amid Iran-Israel Conflict
By Arslan Ali | Published: June 22, 2026
Key Points
- The US-Iran ceasefire has held for over eleven weeks, leading to a gradual resumption of tanker traffic through the Strait of Hormuz.
- Gold prices have risen to $4,194, showing strong support at key pivot zones.
- Silver prices have climbed to $65.99, bouncing off significant support levels.
- China's People’s Bank of China has maintained gold purchases for over 17 months, providing long-term support for gold prices.
Market Analysis
The article discusses the current trading environment for gold and silver in light of the recent US-Iran memorandum of understanding, which has eased short-term supply risks in energy markets. The reduction in geopolitical tensions has led to a decrease in safe-haven demand for these precious metals, although the underlying market structure remains strong.
Central banks, particularly in emerging markets, continue to accumulate gold as a means of diversifying reserves away from traditional assets. The supply of gold and silver from mining is increasing slowly, while fabrication demand in sectors such as solar and electronics is on the rise. This dual role of silver as both an investment and industrial metal provides a price floor, independent of central bank policies.
Market participants are closely monitoring whether the easing geopolitical tensions will prompt global central banks to adopt more accommodative monetary policies, which could further benefit gold and silver prices.
Technical Analysis
Gold Price Analysis
Gold is currently trading at $4,194. After a decline from the $4,364 pivot zone, it has found support at the $4,221 level, with bullish candlestick formations indicating buying pressure. The Relative Strength Index (RSI) is near 50, suggesting neutral momentum. The price remains neutral to bullish as long as it stays above the $4,221 pivot zone.
Trade Idea: Buy at $4,194, targeting $4,287, with a stop-loss at $4,160.
Silver Price Analysis
Silver is currently priced at $65.99. After a drop from the $71.49 pivot zone, it has found support at $66.99, with bullish candlestick formations indicating strong buying interest. The RSI is near 52, signaling neutral to bullish momentum. Silver remains neutral to bullish if it holds above the $66.99 pivot zone.
Trade Idea: Buy at $65.99, targeting $69.02, with a stop-loss at $64.53.