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Gold/silver miners may face a 20-30% drop amid economic credit tightening and weak technical signals.

Market News
05 Apr 2026
Seeking Alpha
View Source
Bearish
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Paul Franke warns that gold and silver mining stocks could see a further 20-30% price correction due to tightening credit conditions and a potential broader bear market in equities. He highlights weak technical trading signals and record low Ease-of-Movement readings as signs of possible selling pressure ahead. Franke's fair value estimates for gold ($3600) and silver ($50–$55) suggest current prices are vulnerable to a significant pullback into early summer. He recommends holding long-term positions but expects a washout in precious metals before considering increased exposure to gold miners in 2026.

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