Gold remains elevated relative to its fundamental value; silver is currently trading at a discount, making it the more attractive precious metal from a valuation perspective, according to a recent analysis by Monarch PMS.
Gold's modelled range is cited as US$3,248 to US$4,595, with a midpoint of US$3,922. At US$4,242 (as of 6th August 2026), gold trades about 8% above the midpoint and about 8% below the upper band, according to a release.
