Gold, Silver Prices Set to Soar Amid Economic Downturn Predictions

CPM Group, a commodities research and advisory firm, remains bullish on gold and silver despite recent price pullbacks. According to Jeffrey Christian's presentation, the firm sees continued upward pressure on both metals.

The current prices of gold are around $4,300 and silver is at $64.60. Christian outlined factors that could drive a sharp rally in both metals, including economic, political, and financial risks.

CPM Group expects a recession within the next two to three years and believes gold and silver could reach new record prices as conditions for a recession develop.

The firm favors gold and silver over platinum and palladium due to their greater exposure to financial assets. Christian also discussed potential trading ranges for platinum ($1,550-$2,000) and palladium (support around $1,180-$1,200 and resistance near $1,450).