When will the price of Gold and Silver go down ?

Is the price of gold and silver expected to go down ?
If yes, when should it happen ?

The price of Gold and Silver is currently continually increasing. So it is not expected to go down soon.

Gold and Silver are precious metals. They have multiple roles in economy:

• Store of value - countries are buying large amounts of gold
• Investment assets
• Industrial use - silver has a higher industrial use than gold

The price of silver may go down when there will be lower industrial demand for it. Industrial demand for silver is driven mainly by its use in electronics.

In case of the gold, the countries keep increasing their gold reserves. This is related mostly to the economic cycle and geopolitical situation.

Gold and Silver prices are breaking records.

As governments increase their gold reserves, I would say the price of gold will generally continue to rise.

The price of gold and silver is just going down now, but it is still very high.

During the last week, the price of silver went down from approx. 120 USD to 73 USD. On the other hand, the price was approx. 32 USD last year. So it still costs a lot.