{"id":38751,"date":"2026-03-30T13:25:11","date_gmt":"2026-03-30T20:25:11","guid":{"rendered":"https:\/\/www.itmtrading.com\/blog\/?p=38751"},"modified":"2026-03-30T13:25:11","modified_gmt":"2026-03-30T20:25:11","slug":"back-up-the-truck-soloway-1-million-gold-silver","status":"publish","type":"post","link":"https:\/\/www.itmtrading.com\/blog\/back-up-the-truck-soloway-1-million-gold-silver\/","title":{"rendered":"Back Up The Truck: The Exact Price Where Soloway is Dropping $1 Million on Gold & Silver"},"content":{"rendered":"

What happens when one of the market\u2019s most disciplined chart analysts says he\u2019s ready to \u201cback up the truck\u201d on physical gold and silver?<\/strong> Investors should pay attention.<\/p>\n

In this gold price prediction<\/strong>, Gareth Soloway lays out the exact levels where he believes the precious metals market could offer a once-in-a-cycle buying opportunity. While gold, silver, platinum, palladium, and even Bitcoin are all showing signs of life, Soloway\u2019s message is clear: don\u2019t confuse short-term momentum with long-term value<\/strong>.<\/p>\n

That distinction matters now more than ever.<\/p>\n

Because while headlines are still dominated by war, oil spikes, and central bank confusion, the deeper story hasn\u2019t changed: America\u2019s debt problem is metastasizing, the economy is weakening beneath the surface, and the Federal Reserve is still trapped.<\/strong><\/p>\n

And if Soloway is right, the next major move in gold and silver won\u2019t be driven by geopolitics alone. It will be driven by something much more dangerous:<\/p>\n

A full-blown financial credibility crisis.<\/strong><\/p>\n

\n

Gold Price Prediction: Why Soloway Still Sees a Pullback Before the Next Big Surge<\/h2>\n

Despite gold\u2019s recent rebound, Soloway is not chasing the rally.<\/p>\n

His chart-based outlook suggests that while gold may bounce in the near term, the bigger setup still points to a deeper retracement before the next major leg higher<\/strong>.<\/p>\n

Soloway\u2019s key gold levels:<\/h3>\n
    \n
  • Short-term support:<\/strong> roughly $4,300\u2013$4,400<\/strong><\/li>\n
  • Near-term resistance:<\/strong> around $4,650<\/strong><\/li>\n
  • Potential downside target:<\/strong> $3,900<\/strong><\/li>\n
  • Major \u201cback up the truck\u201d accumulation zone:<\/strong> $3,500<\/strong><\/li>\n<\/ul>\n

    That last level is where Soloway says he would consider deploying $1 million into physical gold and silver<\/strong>.<\/p>\n

    Why?<\/p>\n

    Because he believes the market needs a reset.<\/p>\n

    His core argument:<\/h3>\n

    Gold has recently been behaving less like a safe haven<\/strong> and more like a momentum trade<\/strong>.<\/p>\n

    That\u2019s a problem.<\/p>\n

    When investors pile into gold because it\u2019s \u201crunning\u201d rather than because it\u2019s insurance<\/strong>, the metal can temporarily lose the very character that makes it valuable in the first place.<\/p>\n

    In Soloway\u2019s framework, that speculative froth needs to be flushed out before gold can resume its more durable role as a true monetary anchor.<\/p>\n

    Translation:<\/strong> gold may still be in a secular bull market, but that doesn\u2019t mean it moves in a straight line.<\/p>\n

    \n

    Why War Isn\u2019t Enough to Send Gold Higher<\/h2>\n

    This is where the mainstream narrative starts to break down.<\/p>\n

    Conventional wisdom says gold should be exploding higher in a geopolitical crisis. But that\u2019s not what has happened.<\/p>\n

    In Soloway\u2019s view, the market is already discounting the idea that today\u2019s war-related disruptions will eventually be resolved<\/strong>, whether diplomatically or militarily. In other words, traders are treating this as a temporary shock\u2014not a permanent systemic rupture.<\/p>\n

    That\u2019s why he believes the real catalyst for the next major gold breakout<\/strong> won\u2019t be missiles or shipping lanes.<\/p>\n

    It will be fiscal decay<\/strong>.<\/p>\n

    What could actually launch gold much higher:<\/h3>\n
      \n
    • A worsening U.S. debt spiral<\/strong><\/li>\n
    • Rising interest expense<\/strong> on federal debt<\/li>\n
    • A renewed pivot to rate cuts<\/strong><\/li>\n
    • A return to quantitative easing<\/strong><\/li>\n
    • Accelerating loss of confidence in the dollar-based financial system<\/strong><\/li>\n<\/ul>\n

      This is the part investors ignore at their own peril.<\/p>\n

      The U.S. debt load is not a cyclical inconvenience. It\u2019s a structural fracture.<\/p>\n

      And once markets fully internalize that the Federal Reserve\u2019s only real long-term tool is currency debasement<\/strong>, the bid under gold and silver could become relentless.<\/p>\n

      That\u2019s why Soloway can be:<\/p>\n

        \n
      • Bearish on gold over the next few months<\/strong><\/li>\n
      • While remaining very bullish over the next 3\u20135 years<\/strong><\/li>\n<\/ul>\n

        Those two views are not contradictory.<\/p>\n

        They are exactly what a real market cycle looks like.<\/p>\n

        \n

        Silver Price Prediction: The Setup Could Be Even More Explosive<\/h2>\n

        If gold is the monetary anchor, silver is often the more volatile cousin\u2014less stable, more emotional, but potentially far more explosive once the trend turns.<\/p>\n

        Soloway sees a similar setup developing in silver.<\/p>\n

        Key silver levels he\u2019s watching:<\/h3>\n
          \n
        • Current support zone:<\/strong> approximately $64\u2013$66<\/strong><\/li>\n
        • Potential short-term upside:<\/strong> toward $82<\/strong><\/li>\n
        • Major accumulation zone:<\/strong> roughly $49\u2013$54<\/strong><\/li>\n<\/ul>\n

          That lower zone is where Soloway believes silver could become especially attractive if the broader precious metals complex undergoes a larger correction.<\/p>\n

          And historically, that\u2019s often how silver behaves.<\/p>\n

          It doesn\u2019t politely trend upward. It gets ignored, manipulated, chased, dumped, and then repriced violently<\/strong> when confidence in paper systems starts to crack.<\/p>\n

          Why silver matters now:<\/h3>\n
            \n
          • It has both monetary<\/strong> and industrial<\/strong> demand<\/li>\n
          • It tends to outperform gold<\/strong> in strong precious metals bull phases<\/li>\n
          • It remains more accessible for investors seeking tangible assets<\/strong><\/li>\n
          • It often reflects systemic stress<\/strong> with more volatility than gold<\/li>\n<\/ul>\n

            If gold returns to its safe-haven role, silver may not be far behind.<\/p>\n

            And if central banks and governments continue trying to solve debt with more debt, both metals could reprice in a way that catches most investors completely flat-footed.<\/p>\n

            \n

            Oil vs. Gold: Why This Narrative Misses the Bigger Point<\/h2>\n

            One of the more absurd narratives floating around markets right now is the idea that oil is the new gold<\/strong>.<\/p>\n

            No. It isn\u2019t.<\/p>\n

            Oil is a strategic commodity. Gold is money.<\/p>\n

            Those are not the same thing.<\/p>\n

            Soloway pushes back on the idea that oil\u2019s sharp move higher somehow replaces gold\u2019s role in a portfolio. In his view, oil is reacting to a near-term catalyst<\/strong>\u2014namely geopolitical disruption and fears around supply flow.<\/p>\n

            Gold, by contrast, is responding to something much more enduring:<\/p>\n

            The slow-motion failure of the modern debt-based monetary system.<\/strong><\/p>\n

            Here\u2019s the difference:<\/h3>\n

            Oil reacts to:<\/strong><\/p>\n

              \n
            • War<\/li>\n
            • Supply disruptions<\/li>\n
            • Shipping chokepoints<\/li>\n
            • Energy policy shocks<\/li>\n<\/ul>\n

              Gold reacts to:<\/strong><\/p>\n

                \n
              • Currency debasement<\/li>\n
              • Fiscal deterioration<\/li>\n
              • Monetary manipulation<\/li>\n
              • Long-term loss of confidence<\/li>\n<\/ul>\n

                One can normalize overnight.<\/p>\n

                The other can take years to unravel\u2014and decades to repair.<\/p>\n

                That\u2019s why serious investors don\u2019t confuse a commodity spike with a monetary warning signal.<\/p>\n

                And it\u2019s also why the gold vs dollar<\/strong> debate is only becoming more relevant.<\/p>\n

                Because the deeper issue isn\u2019t whether oil is moving.<\/p>\n

                It\u2019s whether the dollar\u2019s purchasing power is dying in plain sight.<\/p>\n

                \n

                The Fed Trap: Rate Cuts May Be Coming, But Not for Bullish Reasons<\/h2>\n

                This is where things get uncomfortable.<\/p>\n

                Markets still love to fantasize about rate cuts as some kind of benevolent rescue. But historically, the Fed cuts because something is breaking<\/strong>.<\/p>\n

                And according to Soloway, plenty already is.<\/p>\n

                The economic warning signs he points to:<\/h3>\n
                  \n
                • PPI pressures<\/strong> were already building<\/li>\n
                • The labor market<\/strong> is slowing<\/li>\n
                • Auto loan delinquencies<\/strong> are rising<\/li>\n
                • Credit card stress<\/strong> continues to worsen<\/li>\n
                • The economy was weakening before<\/strong> the latest oil shock<\/li>\n<\/ul>\n

                  That matters.<\/p>\n

                  Because even if oil cools and inflation headlines calm down, the underlying rot remains.<\/p>\n

                  Which means the Fed may still be forced to cut later this year\u2014not because inflation has been defeated, but because the economy can no longer tolerate current conditions.<\/p>\n

                  That\u2019s not bullish in the way Wall Street wants you to believe.<\/p>\n

                  That\u2019s policy panic in slow motion<\/strong>.<\/p>\n

                  And when the Fed inevitably returns to the old playbook:<\/p>\n

                    \n
                  • Lower rates<\/li>\n
                  • More liquidity<\/li>\n
                  • More balance sheet expansion<\/li>\n
                  • More financial repression<\/li>\n<\/ul>\n

                    \u2026that\u2019s when the case for gold and silver as wealth preservation tools<\/strong> becomes even harder to ignore.<\/p>\n

                    \n

                    Platinum and Palladium: Quietly Setting Up?<\/h2>\n

                    While gold and silver dominate most of the conversation, Soloway is also watching platinum<\/strong> and palladium<\/strong> closely.<\/p>\n

                    These metals don\u2019t get nearly as much mainstream attention, which is often where interesting setups begin.<\/p>\n

                    Platinum:<\/h3>\n

                    He\u2019s watching for a potential accumulation zone around $1,700<\/strong>, where prior consolidation and breakout behavior may offer support.<\/p>\n

                    Palladium:<\/h3>\n

                    He sees an early accumulation zone around $1,275<\/strong>, with the caveat that he would scale in slowly rather than go all-in.<\/p>\n

                    Why the caution?<\/p>\n

                    Because both metals tend to be:<\/p>\n

                      \n
                    • More volatile<\/li>\n
                    • More thinly traded<\/li>\n
                    • More sensitive to industrial demand shifts<\/li>\n<\/ul>\n

                      Still, for investors looking beyond the obvious, these could become worthwhile areas to monitor if the broader metals complex pulls back.<\/p>\n

                      That said, Soloway makes an important distinction:<\/p>\n

                      If gold hits his key level, he buys heavily<\/strong>.<\/p>\n

                      With platinum and palladium, he merely nibbles<\/strong>.<\/p>\n

                      That tells you everything about where conviction is highest.<\/p>\n

                      \n

                      Bitcoin, Stocks, and Risk Appetite: Why Gold Still Matters<\/h2>\n

                      Interestingly, Soloway has turned short-term bullish on Bitcoin<\/strong>, even after previously being bearish.<\/p>\n

                      His thesis? A technical reversal could carry Bitcoin higher in the near term before broader market weakness reasserts itself.<\/p>\n

                      He also sees the possibility of a short-term bounce in risk assets before a more significant downturn in the stock market.<\/p>\n

                      His broader concern:<\/h3>\n

                      The S&P 500<\/strong> may still be in a topping process, with the potential for another meaningful drawdown before the cycle resets.<\/p>\n

                      That matters for precious metals investors because it reinforces a crucial point:<\/p>\n

                      Not all rallies are healthy. Not all recoveries are real.<\/strong><\/p>\n

                      Markets can levitate while fundamentals deteriorate.<\/p>\n

                      That\u2019s exactly why physical gold and silver remain relevant.<\/p>\n

                      They are not just \u201ctrades.\u201d<\/p>\n

                      They are a rejection of the assumption that:<\/p>\n

                        \n
                      • Central banks are in control<\/li>\n
                      • Markets are rational<\/li>\n
                      • Debt can expand forever without consequence<\/li>\n
                      • The dollar will remain immune to arithmetic<\/li>\n<\/ul>\n

                        That assumption is looking weaker by the quarter.<\/p>\n

                        \n

                        Why Physical Gold and Silver Still Matter for Wealth Preservation<\/h2>\n

                        This is where the real conversation begins.<\/p>\n

                        Because Soloway\u2019s \u201cback up the truck\u201d moment is not just about price.<\/p>\n

                        It\u2019s about conviction<\/strong>.<\/p>\n

                        And conviction in this environment means recognizing that there is a profound difference between:<\/p>\n

                          \n
                        • Owning a chart<\/li>\n
                        • And owning a tangible asset<\/strong><\/li>\n<\/ul>\n

                          Why physical gold and silver matter in times of systemic stress:<\/h3>\n
                            \n
                          • They carry no counterparty risk<\/strong><\/li>\n
                          • They are not dependent on a bank, broker, or platform<\/li>\n
                          • They have served as money and stores of value<\/strong> for thousands of years<\/li>\n
                          • They offer a potential hedge against:\n
                              \n
                            • Inflation<\/li>\n
                            • Currency devaluation<\/li>\n
                            • Banking instability<\/li>\n
                            • Policy mismanagement<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n

                              For investors focused on wealth preservation<\/strong>, that distinction is not academic.<\/p>\n

                              It is survival-level important.<\/p>\n

                              Gold and silver remain relevant because they are:<\/h3>\n
                                \n
                              • Tangible assets<\/strong><\/li>\n
                              • A long-term inflation hedge<\/strong><\/li>\n
                              • A potential shield in the gold vs dollar<\/strong> battle<\/li>\n
                              • A form of financial insurance outside the paper system<\/li>\n<\/ul>\n

                                And if the next phase of this cycle brings:<\/p>\n

                                  \n
                                • more debt,<\/li>\n
                                • more money creation,<\/li>\n
                                • more monetary intervention,<\/li>\n
                                • and less trust in institutions,<\/li>\n<\/ul>\n

                                  then physical precious metals may not just be prudent.<\/p>\n

                                  They may be essential.<\/p>\n

                                  \n

                                  Conclusion<\/h2>\n

                                  Gareth Soloway\u2019s call is bold\u2014but it\u2019s not reckless.<\/p>\n

                                  He\u2019s not saying gold and silver are broken.<\/p>\n

                                  He\u2019s saying they may need one more real washout before the market remembers why they matter in the first place<\/strong>.<\/p>\n

                                  That distinction could prove critical.<\/p>\n

                                  Because if gold does revisit $3,500<\/strong> and silver falls into the $49\u2013$54<\/strong> zone, investors may be staring at something rare:<\/p>\n

                                  A high-conviction entry point into real money\u2014just as confidence in the broader financial system continues to erode.<\/strong><\/p>\n

                                  The bigger risk may not be buying too early.<\/p>\n

                                  It may be waiting until the next crisis makes the case obvious to everyone else.<\/p>\n

                                  And by then, the price of protection may look very different.<\/p>\n

                                  \n

                                  About ITM Trading<\/h2>\n

                                  ITM Trading has over 28 years of experience helping clients safeguard their wealth through personalized strategies built on physical gold and silver. Our team of experts delivers research-backed guidance tailored to today\u2019s economic threats.<\/p>\n

                                  THINKING ABOUT PURCHASING GOLD & SILVER?<\/h2>\n

                                  Get expert guidance from our team of analysts with 28+ years of experience.
                                  👉 [SCHEDULE YOUR CALL HERE]<\/strong> or call 866-706-9061<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

                                  What happens when one of the market\u2019s most disciplined chart analysts says he\u2019s ready to \u201cback up the truck\u201d on physical […]<\/p>\n","protected":false},"author":39,"featured_media":38752,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2922],"tags":[1332,3145,3682,4447,4486,4917,6319,7427,7779,8159,8169,8186,8256,8257,8258,8259,8260,8261,8262,8263],"class_list":["post-38751","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daniela-cambone-show","tag-precious-metals-investing","tag-daniela-cambone-show","tag-gold-market-analysis","tag-gold-price-prediction","tag-silver-price-prediction","tag-silver-market-outlook","tag-silver-breakout","tag-gareth-soloway-interview","tag-macro-investing","tag-commodity-bull-market","tag-safe-haven-gold","tag-wealth-protection-gold","tag-buy-gold-dip","tag-buy-silver-dip","tag-back-up-the-truck-gold","tag-gold-correction","tag-gold-trading-strategy","tag-silver-investing-2026","tag-market-froth-warning","tag-risk-on-trade"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/38751","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/comments?post=38751"}],"version-history":[{"count":2,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/38751\/revisions"}],"predecessor-version":[{"id":38754,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/posts\/38751\/revisions\/38754"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media\/38752"}],"wp:attachment":[{"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/media?parent=38751"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/categories?post=38751"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.itmtrading.com\/blog\/wp-json\/wp\/v2\/tags?post=38751"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}