Gold and silver prices experienced significant volatility on Thursday, 22 January 2026, as investors responded to easing geopolitical tensions following policy announcements from US President Donald Trump. The precious metals initially faced selling pressure as investors booked profits amid signs of de-escalation on the Greenland conflict front and reduced tariff fears.

Market Performance and Recovery

Both precious metals hit their intraday lows during early trading but recovered as the session progressed. The price movements reflected investor sentiment shifts following Trump's policy announcements.

Data as of 10:05 PM IST from Multi-Commodity Exchange

Kiyosaki's Market Analysis

Robert Kiyosaki, author of 'Rich Dad Poor Dad', provided insights into the market movements, explaining that the precious metals dropped globally after Trump cancelled the tariff threat on the European Union and announced a framework for Greenland. "Gold and silver sold off after President Trump cancelled EU tariffs and announced a framework around Greenland. Markets cheered. Risk assets bounced. Precious metals pulled back," Kiyosaki stated.

Kiyosaki criticized short-term thinking in precious metals markets, noting common reactions such as "See? Gold is dead" and "Silver was a bad call" following the price drops. He emphasized that "Gold and silver don't move on emotion. Traders do."

Impact of Policy Changes

Regarding the effects of cancelled tariffs, Kiyosaki explained that markets assume reduced friction, inflation pressure, and urgency, making paper money feel safer temporarily. However, he stressed that fundamental economic issues remain unchanged:

• Cancelling tariffs doesn't eliminate debt
• Deficit reduction is not addressed
• Decades of currency dilution continue
• Framework deals around strategic locations like Greenland focus on resources and long-term positioning

Silver Investment Perspective

Kiyosaki expressed particular interest in silver during volatile periods, highlighting its dual nature as both money and an industrial metal. "Silver is both money and an industrial metal. That means it gets hit harder on optimism…and rebounds faster when reality returns," he explained. He views volatility as opportunity rather than weakness for investors who understand the underlying fundamentals.

Technical Analysis and Recommendations

Aamir Makda, Commodity & Currency Analyst at Choice Broking, provided technical insights on silver's current position. He observed an RSI divergence in the daily chart, which he described as a "classic 'Red flag' for building any fresh buying." Makda advised caution, stating this may not be the right time to buy silver as the decline could continue. He suggested that if prices stabilize over support levels, traders might consider a 'buy-on-dips' approach.

Market Outlook

Kiyosaki concluded with lessons from his investment philosophy, emphasizing that "markets reward patience and punish emotion." He stressed focusing on long-term incentives rather than short-term headlines, noting that while tariffs and deals may change, underlying economic fundamentals such as debt and currency printing continue to favor real assets over promises.

SAMCO Securities has established an ambitious long-term price target of $7,040 for gold, following the precious metal's remarkable surge of nearly 70% in 2025 and record highs above $4,880 per ounce. The domestic brokerage's analysis suggests significant upside potential remains as the current bullish cycle continues to develop.

Technical Analysis and Price Targets

The brokerage's target is derived from Fibonacci extension analysis, with SAMCO identifying the $7,040 level as the next major resistance zone. According to Apurva Sheth, head of research at SAMCO Securities, the recent record peak has validated gold's underlying technical strength and reinforced the durability of its long-term uptrend.

COMEX gold is currently consolidating within the $4,790-$4,800 range after establishing fresh record highs. The metal remains firmly positioned above its rising trendline and the 20-day exponential moving average near $4,600-$4,650, with the previous resistance zone of $4,500-$4,550 now functioning as strong support.

Near-Term Outlook and Market Dynamics

Ponmudi R, CEO of Enrich Money, suggests that a sustained breakout above $4,850-$4,900 could open the path towards $5,000-$5,200 in the near term. This projection is supported by continued central bank buying, safe-haven flows, and accommodative monetary policy expectations.

The current consolidation phase is attributed to healthy profit-booking activities amid easing tariff concerns, though analysts emphasize that the broader uptrend remains intact and powerful.

Supporting Macroeconomic Factors

Analysts identify several key conditions that continue to support gold's upward trajectory:

• Weaker demand for the US dollar
• Easing monetary policy environment
• Cooling inflation pressures
• Ongoing geopolitical conflicts
• Trade-related uncertainties
• Potential US economic slowdown

Sheth emphasized gold's role as a reliable long-term portfolio anchor, noting that it offers stability and diversification benefits rather than serving merely as a short-term trading opportunity. The analyst views interim consolidations following recent sharp rallies as healthy pauses within the broader bull market rather than indicators of trend exhaustion.

Risk Factors and Potential Headwinds

Despite the optimistic outlook, analysts acknowledge potential downside risks that could impact gold's trajectory. Any improvement in global economic stability that strengthens currency demand, lifts inflation expectations, and prompts the US Federal Reserve to maintain or raise interest rates could create a reflationary environment. Such conditions might shift market sentiment towards risk-on assets, potentially leading to corrections in gold prices.

The precious metal's exceptional 80% gain over the past 12 months has positioned it as one of the best-performing asset classes, significantly outpacing both equities and fixed income investments during this period.