Analysis: This Round of Decline in Precious Metals May Trigger Deeper Adjustment

Odaily News According to Gregor Gregersen, founder of precious metals dealer Silver Bullion, the suddenness of this decline in precious metals suggests its nature may not be an orderly profit-taking. "If institutions were merely taking profits or liquidating large gold or silver positions, they would typically adopt a more gradual approach to secure higher execution prices. What we witnessed was a sharp decline within an extremely short timeframe, lacking a very obvious trigger," he added, noting that this has sparked market speculation that the move might be "intended" to trigger further declines. (Jin10)