On December 29, according to Golden Ten Data, in Monday's highly volatile trading, spot silver fell to 8%, spot gold fell back below $4,400 per ounce, HDFC Securities Commodity Senior Analyst Saumil Gandhi said, "Gold and silver prices fell from record highs on Monday as traders took profits after record gains." Gandhi further noted that both gold and silver are in overbought territory on higher timeframes, which is a cautious sign that a healthy pullback is needed before the rally continues. "We expect gold prices to face further corrective pressure as investors adjust and rebalance their positions at the end of the month and end of the year," he said. ”