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Central banks sharply increased gold purchases in May, while silver continues to benefit from persistent supply deficits and rising industrial demand. FXCOINZ examines why some market participants view the pullback as a potential reset within a broader precious metals bull market.

Gold and silver remain supported by central bank accumulation, constrained mine supply, and steady investor demand. Technical traders are watching whether gold can extend toward $4,201 while silver holds its $60.05 defense and eyes resistance between $61.33 and $62.43.

Gold and silver remained supported as central-bank accumulation, constrained primary supply and resilient investor demand kept the broader metals backdrop constructive. Gold pushed through a key downward trendline near $4,091 to trade at $4,175, while silver held around $60.05 as buyers defended the 50 EMA.