Silver and gold prices stage a cautious rebound — but analysts see slim hopes for a sustained rally

Spot gold and silver prices have rebounded this week, with silver trading at $59.47 an ounce and gold at $4,119.04 an ounce. Despite these gains, analysts caution that the rally may be short-lived, attributing it to 'bargain hunting' rather than significant changes in geopolitical or macroeconomic factors. Both metals remain significantly below their all-time highs from late January, when gold peaked at $5,589.38 and silver at $121.67. While gold faces pressure from rising interest rates and a strong U.S. dollar, silver's industrial applications may provide it with a competitive edge.