Gold, silver and the commodity price cycle — an ASX investor’s guide to what comes next

On 29 January 2026, gold traded as high as US$5,598.75/oz and silver hit US$121.65/oz — the highest prices either metal had ever fetched, in a run that had taken them up 29% and 60% respectively in the prior 30 days alone.Then began a correction that has challenged even the most ardent precious met…