Jeffrey Christian of CPM Group discusses the recent decline in gold and silver prices due to investor selling, particularly from ETFs. He expects a volatile consolidation phase for gold between $3,800 and $4,800, and for silver between $60 and $85-$90, before prices rise again later in the year. He dismisses claims of a COMEX silver shortage and notes bearish sentiment for platinum and palladium. He also comments on elevated inflation data and the expectation that the Fed will hold rates steady.
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NDX
RUT
Oil
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USD
CPM Group
3.0
Trade Association
Jeffrey Christian 9.0
Trade Association
Jeffrey Christian 9.0
Gold; Silver; Platinum; Palladium
6/12/2026 11:29:14 PM
metals
Palladium very similar in fact even more bearish in terms of its technical movement and in terms of the market expectations.
| 6/2/2026 10:33:52 PM | short term cautious down | 5 days later | -4.41% | +2.20% |
| 5/21/2026 6:30:43 PM | medium term up | 20 days later | -8.21% | -8.21% |
| 5/19/2026 11:14:02 PM | medium term up | 20 days later | -9.50% | -9.50% |
| 3/26/2026 10:36:06 PM | medium term cautious up | 20 days later | +8.71% | +4.36% |
| 3/17/2026 8:10:23 PM | long term up | 61 days later | -3.12% | -3.12% |
| 2/2/2026 9:12:01 AM | short term sharp down | 6 days later | +1.02% | -1.52% |
| 1/27/2026 11:28:44 PM | medium term up | 20 days later | -21.66% | -21.66% |
| 1/23/2026 11:34:16 PM | long term up | 60 days later | -22.49% | -22.49% |
| 1/2/2026 11:05:46 PM | medium term cautious up | 21 days later | +24.33% | +12.16% |
| 12/29/2025 6:58:39 PM | long term up | 62 days later | +19.88% | +19.88% |
| 12/19/2025 11:20:49 PM | short term up | 7 days later | +0.39% | +0.39% |
| 12/9/2025 9:56:43 PM | long term up | 61 days later | +25.27% | +25.27% |
| 12/2/2025 10:26:11 PM | long term up | 61 days later | +19.34% | +19.34% |
| 10/21/2025 9:30:46 PM | long term up | 61 days later | +18.75% | +18.75% |
| 10/14/2025 12:02:53 AM | short term sharp up | 5 days later | -0.74% | -1.11% |
| 9/19/2025 9:15:26 PM | long term sharp up | 60 days later | +10.10% | +15.15% |
| 9/12/2025 9:25:11 PM | short term up | 7 days later | +2.06% | +2.06% |
| 9/9/2025 9:15:19 PM | short term up | 5 days later | +1.78% | +1.78% |
| 9/5/2025 7:05:22 PM | long term up | 60 days later | +12.34% | +12.34% |
| 8/26/2025 8:08:07 PM | medium term up | 20 days later | +8.84% | +8.84% |
| 8/22/2025 8:43:34 PM | short term up | 8 days later | +5.10% | +5.10% |
| 8/13/2025 5:13:42 PM | medium term up | 20 days later | +6.88% | +6.88% |
| 8/8/2025 8:04:49 PM | short term sharp up | 7 days later | -0.25% | -0.38% |
| 8/5/2025 7:24:42 PM | medium term sharp up | 20 days later | +0.66% | +0.99% |
yields
If we were going to do anything we would fade it to the high side. We don't think that interest rates will change, but if they do change, we would expect an increase rather than a decrease because of the inflationary issues.
| 5/29/2026 11:17:45 PM | short term up | 7 days later | +1.72% | +1.72% |
| 12/9/2025 9:56:43 PM | short term down | 5 days later | +0.43% | -0.43% |
| 12/2/2025 10:26:11 PM | short term down | 5 days later | +2.83% | -2.83% |
