The gold and silver markets are currently consolidating, with analysts indicating a potential shift in momentum favoring silver over gold for the next 6–12 months. Gold is trading around $4,750 per ounce, while silver is priced near $78 per ounce, recovering from recent losses. The extension of the Iran ceasefire has eased some geopolitical tensions, impacting safe-haven flows towards gold. Analysts like Ruchit Thakur highlight silver's unique position as both a precious and industrial metal, benefiting from rising demand in sectors such as solar energy and electric vehicles. This dual demand, coupled with an elevated gold-to-silver ratio, suggests silver has room for price appreciation. In the near term, both metals remain sensitive to geopolitical headlines and macroeconomic signals, with gold trading between $4,650–$4,850 and silver between $76–$81. A breakout from these ranges could lead to significant price movements, particularly for silver, which is expected to exhibit sharper volatility due to its higher beta. Overall, while gold serves as a defensive hedge, silver's industrial demand and historical outperformance patterns position it as a more attractive investment option, assuming global growth remains stable.