Gary Wagner Warns Gold Correction Ahead and Reveals the Key Price Level to Watch

In this crucial market update, Technical Analyst Gary Wagner of The Gold Forecast confirms we are in a "true silver squeeze" as the physical market goes into backwardation, an event he says suggests demand is "far exceeding physical stock". He gives his new, must-see price forecasts for both gold and silver, with targets of $4,300 for gold and $55 to $58 for silver.

In a detailed analysis with Kitco News' Jeremy Szafron, Gary Wagner also explains the powerful, ongoing trend of central bank buying that is tightening the global supply because sovereign nations "accumulate hold. They don't sell". He also shares a shocking story about physical gold demand at major retailers like Costco, where it sells out in days. Finally, he reveals the key support level that must hold to avoid "technical chart damage" to the rally.

Recorded October 14, 2025.

Follow Jeremy Szafron on X: @JeremySzafron (https://x.com/JeremySzafron)
Follow Kitco News on X: @KitcoNewsNOW (https://x.com/KitcoNewsNOW)
Follow Gary Wagner on X: @goldforecast (https://x.com/goldforecast)

00:00 - Introduction: Market Divergence
01:27 - Silver's Historic $50 Breakthrough
01:48 - Backwardation & The "True Silver Squeeze"
03:15 - Gary Wagner's NEW Silver Forecast
04:34 - Gold's Parabolic Move
07:52 - Speculative Money & The "Costco Gold" Effect
09:30 - Gary Wagner's NEW Gold Forecast
11:30 - Central Banks: The "Stealth" Gold Buyers
15:27 - The US Dollar's Impact on Metals
17:45 - Risk Management: Is It Too Late To Buy?
21:50 - The Key Level to Watch in a Correction

#Gold #SilverSqueeze #KitcoNews
__________________________________________________________________

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

Listen to the PODCAST on
🎧 Spotify: https://open.spotify.com/show/1My4WgtF0ZhUnxkxDLoJof
🎧 Apple Podcasts: https://podcasts.apple.com/us/podcast/kitco-news/id1842889233
🎧 All podcast episodes available here → https://kitconews.buzzsprout.com

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.