Markets May Rise Before A Bigger Fall: Warning on Gold, Silver & Global Economy

Global markets may be setting up for a short-term rally before a much deeper fall, warns market experts. With the S&P 500 and Nasdaq hovering near record highs, global sentiment remains strong, and a supportive Indian budget could help domestic markets join the party over the next two months. However, this optimism may be short-lived. A “last hurrah” rally is expected into February–March, followed by a potential downturn as global economic momentum weakens. Recession risks in the US could surface in the second half of 2026, triggering a deflationary shock. Gold and silver, despite their sharp rise, may also face pressure post the rally, with silver likely to correct more than gold as markets reprice for a very different global reality.