New Delhi, April 23 -- Gold and silver markets are entering a phase of consolidation, but beneath the surface, a shift in momentum may be underway. While gold continues to hold its ground as a safe-haven asset, analysts increasingly believe silver could outperform over the next 6-12 months, driven by a mix of industrial demand, macroeconomic shifts, and relative valuation dynamics.

Currently, gold is hovering around $4,750, while silver is trading near $78, both recovering from recent losses after U.S. President Donald Trump extended the Iran ceasefire. However, uncertainty persists as peace talks remain stalled, with no clarity on whether Iran or Israel will formally accept the extended truce.

At the same time, macro signals are evolvi...