Gold and silver fight to finish the week above big psychological levels

Gold and silver have been experiencing high volatility at the start of the year, but buyers are showing strong interest in purchasing dips. Gold is attempting its second weekly close above $4500, following a similar achievement on December 22. Silver is vying for its first-ever weekly close above $80. Both scenarios would indicate bullish signals. After a period of profit-taking following the Christmas surge, precious metals are finding stability amid geopolitical unrest. Notable events include the US capture of Venezuelan President Maduro and President Trump's statements about Greenland annexation, which could destabilize relations with Europe and challenge NATO. Additionally, the awaited Supreme Court decision on tariffs is inducing uncertainty about future US constitutional policies. On the charts, silver appears to be consolidating near recent highs, while gold is positioned just below $4600. A breakout in gold could draw it towards $5000, especially given positive seasonal trends for precious metals into February.