Forget Gold: Silver Named Winner for 2027 and 2028!
Financial analyst Islam Memiş shared his insights on gold prices. Memiş, who revealed his latest gold forecast, mentioned a short-term figure of 7,500 TL for gram gold while making a critical comment about silver. Memiş also announced the investment champion for 2027 and 2028.
A new scenario in gold prices.
Finance analyst Islam Memiş, noting that gold ounce, which gained a strong momentum during the summer months, encountered profit sales, stated that the pullbacks following the sharp climb in August were not surprising. He expressed that the level of $4,300 will be a strong support zone and emphasized that in the next upward wave, gold ounce could demonstrate a recovery towards the $4,800 band.
On the oil front, Memiş, who does not anticipate a permanent rise, drew attention to the fact that the US would not want to proceed with the trio of high inflation, high interest rates, and expensive oil in the upcoming midterm election period. The expert, stating that permanence above $90 in oil prices is challenging and pullbacks could occur down to the $80 level, argued that current political dynamics could suppress prices, but also pointed out that there are risks above $100 in potential negative scenarios.
What will be the price of gold? Gold commentary from Islam Memiş.
Islam Memis, who pointed out that gold per gram has predominantly followed the price of an ounce up to now, but could also draw support from the dollar/TL exchange rate in the future, made a new prediction. Memis stated that in the short term, gold per gram could reach a range of 7,000 to 7,500 TL. Revealing his expectation for the price of an ounce of gold to surpass the threshold of 5,000 dollars by the end of the year, Memis conveyed his continued expectation for an upward trend in the price of gold per gram.
Islam Memiş has announced the champion for 2027 and 2028.
Memiş suggests that the current pressure on the silver market is temporary, indicating that the short-term initial target is $75, with a potential recovery extending to the $96 range by the end of the year. Here's what Islam Memiş had to say about silver prices:
'I don't anticipate the short-term pressure to be permanent. I'm expecting a recovery up to $75 as the initial target, and continuing up to $96 by the end of the year. Will silver be the champion of this year? Or perhaps, will it be the champion of 2027-2028? My answer to this question is yes.'
The statements contained in this content are not investment advice.
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