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Gary Wagner: Silver’s 'Liquidation Event' Tested $71 Support - Here is What Happens Next
Spot silver witnessed a massive liquidation event today, plunging double-digits and testing critical structural support in the low $70s. In this exclusive technical breakdown, Gary Wagner, Editor of The Gold Forecast, joins Jeremy Szafron to analyze the damage.
Wagner identifies the $71 level as the "line in the sand" that must hold to keep the bull trend alive. He explains the massive divergence between silver’s volatility and gold’s relative strength, describing silver as "a candle that burns twice as bright but burns half as long." Despite the carnage, Wagner maintains his bullish outlook, updating his year-end gold price target to a potential $6,000.
Recorded on February 5, 2026
Key Topics Discussed:
-The Silver Liquidation: Did the drop to $72.18 break the market structure?
-Technical Damage Report: Analyzing the "Bearish Engulfing" candles and the long lower wicks.
-Gold vs. Silver: Why Gold held the $4,800 range while Silver collapsed.
-The Forecast: Wagner’s updated price targets for late 2026.
-The Dollar: Analyzing the DXY breakdown to 95 and what it signals for metals.
Timestamps:
00:00 Introduction and Market Overview
01:19 Spot Silver Analysis
01:54 Fundamental and Technical Factors
11:26 Gold Market Insights
18:15 Dollar Index and Market Sentiment
20:49 Conclusion and Final Thoughts
#Gold #Silver #Investing #GaryWagner #KitcoNews #TechnicalAnalysis #Commodities #Wealth
__________________________________________________________________
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Disclaimer:
The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.
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By Kitco MediaSpot silver witnessed a massive liquidation event today, plunging double-digits and testing critical structural support in the low $70s. In this exclusive technical breakdown, Gary Wagner, Editor of The Gold Forecast, joins Jeremy Szafron to analyze the damage.
Wagner identifies the $71 level as the "line in the sand" that must hold to keep the bull trend alive. He explains the massive divergence between silver’s volatility and gold’s relative strength, describing silver as "a candle that burns twice as bright but burns half as long." Despite the carnage, Wagner maintains his bullish outlook, updating his year-end gold price target to a potential $6,000.
Recorded on February 5, 2026
Key Topics Discussed:
-The Silver Liquidation: Did the drop to $72.18 break the market structure?
-Technical Damage Report: Analyzing the "Bearish Engulfing" candles and the long lower wicks.
-Gold vs. Silver: Why Gold held the $4,800 range while Silver collapsed.
-The Forecast: Wagner’s updated price targets for late 2026.
-The Dollar: Analyzing the DXY breakdown to 95 and what it signals for metals.
Timestamps:
00:00 Introduction and Market Overview
01:19 Spot Silver Analysis
01:54 Fundamental and Technical Factors
11:26 Gold Market Insights
18:15 Dollar Index and Market Sentiment
20:49 Conclusion and Final Thoughts
#Gold #Silver #Investing #GaryWagner #KitcoNews #TechnicalAnalysis #Commodities #Wealth
__________________________________________________________________
Like, share, and subscribe to Kitco News—and turn on alerts to stay current with expert interviews, market insights, and breaking news coverage.
FOLLOW US:
X: https://x.com/kitconewsnow
Instagram: https://www.instagram.com/kitconews
Facebook: https://www.facebook.com/KitcoNews
LinkedIn: https://www.linkedin.com/company/kitconews
Visit: https://Kitco.com/ for live gold, silver, and crypto prices, the latest mining news, and macroeconomic insights.
Live gold price and chart: https://www.kitco.com/charts/gold
Live silver price and chart: https://www.kitco.com/charts/silver
Live crypto market data: https://www.kitco.com/price/crypto
Learn more about Kitco News: https://www.kitco.com/news/about/
For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: https://www.kitco.com/advertising
Disclaimer:
The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, producers, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News. In no event will Kitco and its employees be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content in this video.