---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/41298060.md"
description: "Last couple of weeks I am asked multiple times on my thesis on $SPDR Gold Shares(GLD.US) & $iShares Silver Tr(SLV.US) So here are my thoughts..Both charts took a heavy hit after their recent peaks. The technical structure still tells me this is a healthy consolidation phase where the price is building a base and digesting those previous vertical moves.I spoke about this before. Central banks are accumulating physical gold at record levels. That kind of institutional buying creates a massive floor under the price which is what we see on the technicals as well.Silver has an entirely separate and more aggressive catalyst. We are seeing a multi year supply deficit driven by industrial demand from solar, EVs, and data centers(AI play). The gold to silver ratio recently compressed to the 55 level. This confirms silver is being bid as a hard industrial asset.The fundamentals and the technicals are perfectly aligned for a continuation higher IMHO. The current price action is just a base building phase before the next leg up.I will not be surprised if $SPDR Gold Shares(GLD.US) & $LSV go back above ATH's. It's a matter of when, not IF."
datetime: "2026-05-30T15:47:25.000Z"
locales:
  - [en](https://longbridge.com/en/topics/41298060.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/41298060.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/41298060.md)
author: "[First Fellow](https://longbridge.com/en/profiles/27399941.md)"
---

# Last couple of weeks I am asked multiple times on …


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