Craig Hemke - Gold $5,000 & Silver $80: Technical Trends and Policy Shifts
The KE Report Apr 20, 2026
Summary
Gold nearing $5,000 and Silver around $80 driven by thin Comex markets with multi-decade low open interest creating increased price volatility.
Central bank demand remains a key fundamental driver despite Turkey's sovereign gold sales causing a temporary 'London Plunge' in global prices.
Potential Fed rate cuts, Kevin Warsh nomination, and whispers of U.S. Treasury gold revaluation could serve as major macro catalysts for precious metals.