Gold and silver prices rebounded after suffering a historic selloff, with analysts suggesting that the recent violent correction was more a positioning reset.

Trump's nomination of Kevin Warsh to lead the Federal Reserve has triggered a massive gold and silver selloff, erasing billions as markets react to policy shift.

Following the bullish trend, MCX gold price neared Rs 1.58 lakh mark and MCX silver price surged closer to Rs 2.93 lakh mark. Both the precious metals are racing to hit their key levels of Rs 1.6 lakh and Rs 3 lakh.

Gold climbs above $5,000 as geopolitical risks and Fed cut bets boost safe-haven demand, while silver rebounds toward $90 after defending key Fibonacci support.

Wall Street is still forecasting gains for metals despite the sharp selloff.

However, after Goldman Sacks issued a surprise 2026 crypto prediction, JPMorgan has called the silver price top, alongside a huge gold and bitcoin price prediction.

Before Friday's selloff, gold and silver had been on a blistering yearlong rally, fueled by heavy central bank buying and geopolitical tensions.

Wild swings that swept through financial markets overnight calmed as Wall Street opened for trading on Monday. U.S. stocks are holding relatively steady following gains in Europe and sharp drops in Asia,