Gold and silver have spent much of 2026 moving lower after reaching historic highs earlier in the year. That decline has left many investors asking the same question: are gold and silver still correcting, or is a major buying opportunity beginning to emerge? Market analyst Sunil Reddy, known online as Macro Liquidity by Sunil Reddy, believes the answer is not found on the gold chart itself. Instead, he argues that investors should focus on two key macro indicators that have played a major role in precious metals performance for years.