World Gold Council

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 caught between strong long-term demand drivers and cautious short-term technical signals. Central bank buying continues to support the broader gold outlook, while silver buyers are trying to defend a key support zone.