Gold & Silver remain in a correction. Recent price action and the history of selloffs before the first rate hike suggest more downside. However, history suggests a major bottom is quite possible this spring as well as a rebound in the metals for the bulk of 2022.
Gold has not been in a real bull market yet because it has not outperformed the stock market. Gold should break out of its cup and handle pattern in 12-18 months and that mark the 4th breakout in the last 50 years, and trigger significant upside beyond a few years.