Is The Gold & Silver Rally Nearing Its Peak? | Prashanth Tapse Answers

Gold and silver prices are seeing some cooling off after a strong rally over the past year, raising questions on whether the peak is already in. Prashanth Tapse, Senior VP – Research Analyst at Mehta Equities, said most of the rally in precious metals appears to be priced in, with short-term profit booking likely over the next 10–15 days. He expects silver to see a deeper correction due to its sharp run-up, while advising investors to adopt a wait-and-watch approach for fresh entry levels. On metal-linked stocks such as Hindustan Zinc, Hindustan Copper and gold financiers, Tapse suggested traders who entered earlier should consider booking profits at current levels.