Gold Forecasts from Big Banks & Silver’s Technical Setup | Weekly Wrap 2 July 2025
This Week:
- Gold Forecasts from Big Banks & Silver’s Technical Setup | Weekly Wrap 2 July 2025
- Weekly Price Overview – 2 July 2025
- From the Mailbag: “What Do I Do With My 1kg Gold Bar in a Collapse?”
- Major Banks Call for Gold to Hit $4,000+
- Chart of the Week: Is the Dow-to-Silver Ratio Signalling Another Squeeze?
- Bonus Chart: Silver’s Make-or-Break Moment
Estimated reading time: 5 minutes
Weekly Price Overview – 2 July 2025
Precious metals softened slightly this week, while the NZD continued its recovery and challenged key resistance levels.
🟡 NZD gold dropped $60 to $5,476.93 (-1.08%), breaking below near-term trendlines before bouncing from horizontal support above $5,200. USD gold rose $8 to $3,338.19 (+0.24%), holding within a channel with firm $3,200 support..
⚪ NZD silver dipped $0.53 to $59.26 (-0.89%), cooling from a brief all-time high and returning RSI to neutral.. USD silver gained $0.16 to $36.12 (+0.43%), hovering just below $37.50 resistance. Silver’s uptrend remains strong with potential for a breakout toward $50.
💱 NZD/USD rose 80 basis points to 0.6095 (+1.33%), approaching a key downtrend resistance. Technicals hint at a longer-term Kiwi uptrend — which could pressure local metals pricing.
📈 Despite mixed moves, the big-picture uptrend in silver looks intact, while gold finds support at key levels. Pullbacks present smart accumulation opportunities.
From the Mailbag: “What Do I Do With My 1kg Gold Bar in a Collapse?”
A prospective client recently asked us a question many people quietly wonder:
“If there’s a global fiat currency collapse… do I shave a slice off my 1kg gold bar and take it to the supermarket?”
A fair question — and one reason many investors opt for silver coins..
In a collapse, recognisable silver bullion may be far more practical than gold bars for everyday purchases. And while a complete currency failure might seem far-fetched, ongoing devaluation of fiat currencies is already in motion.
That’s why we’ve just updated our most-read article on this topic — now with real NZ context, side-by-side comparisons (silver vs. tools, wine, and water), and a breakdown of which silver coins offer the best value today.
Read the updated article on silver coins in a collapse →
Major Banks Call for Gold to Hit $4,000+
Mark O’Byrne notes booming institutional demand — with major US banks forecasting big gains for gold in the years ahead:
- ✨ JPMorgan: $4,000/oz by mid-2026; possibly $6,500/oz by end of Trump’s 2nd term
- ✨ Bank of America: $4,000 gold and $40 silver within 12 months
- ✨ Goldman Sachs: $3,700 by Q4 2025
- ✨ Wall Street Consensus: 20–40% upside from $3,300/oz based on fundamentals
Meanwhile, back home, whale not yet giving us price targets, ASB Bank’s daily note again highlights gold’s movement:
“Gold prices rose again as investors eyes water at Trump’s tax bill, ….The ‘Big Beautiful Bill’ combines $4.5 trillion in tax cuts with $1.2 trillion in spending cuts and will now go to the House, …Further advancement of the bill may bring fiscal concerns back to the forefront for the market. We’re already seeing some of this in gold spot prices, which increased 1.2% to $US1,343 per oz after news about the bill passing the Senate was released.”
Chart of the Week: Is the Dow-to-Silver Ratio Signalling Another Squeeze?
This week’s chart shows how the Dow-to-Silver Ratio may be setting up for another historic move. The current pattern mirrors the 2020 breakout — where silver dramatically outperformed the stock market. (Note: the chart falls when silver outperforms the Dow Jones Index).
With financial pressure building and sentiment resetting, could we be on the verge of the next great silver squeeze?
Source: Tom Bradshaw
Bonus Chart: Silver’s Make-or-Break Moment
Could silver be on track to hit USD $40 before August?
This sharp technical chart from Patrick Karim shows a rising support line that must hold for silver to hit its next major target. With momentum already building, we could be witnessing the early stages of a significant move…
Source: Patrick Karim
Glenn's dedication to educating individuals on wealth protection through precious metals has helped over 2400 clients from New Zealand, Australia, USA and Europe to safeguard their financial futures. Passionate about financial independence and lifestyle freedom, Glenn’s mission is to empower others with the knowledge and tools to thrive in today’s volatile economic environment. When he's not advising on precious metals, Glenn enjoys spending time with his family and pursuing outdoor adventures.
Education: University of Auckland Bachelor of Science
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