**Gold and Silver Markets Surge Amidst Political Upheavals**

Amidst the rapidly approaching US elections, gold and silver markets are experiencing significant momentum. Reports indicate that gold prices could soar to $2,800 before the election day on November 5th. As of now, gold is undergoing a bullish trend following a two-week period of consolidation, echoing historical patterns observed during previous Federal Reserve rate-cut cycles. Predictions suggest that the yellow metal might hit an impressive $3,500 by 2025, presenting substantial opportunities for mining sectors.

Silver is mirroring this upswing and is on the verge of a significant breakout. Market analysts predict that if silver can maintain daily closing prices above $33.00, its value could surge to $38.00. Silver has entered phase II of its breakout and is projected to climb quickly towards $18.00, indicating that current prices remain undervalued.

In addition, platinum, which has been consolidating within a falling wedge pattern since 2008, might see a resurgence. A monthly close above $1,200 could lead to a breakout, potentially driving platinum prices to match gold. With South Africa supplying over 70% of the global platinum mining output, the metal is poised for a supply deficit due to its limited annual mine supply of less than 7 million ounces, starkly contrasting the 96 million ounces of gold mined each year.

The gold mining sector is on the brink of an explosive growth phase, with prices testing the upper limits of a crucial trend channel. Newmont, a major player in the market, is slated to report its Q3 earnings next week. Market watchers predict that with average gold prices hovering above $2,500 throughout the quarter, Newmont's financial results could significantly influence market trends for the remainder of the year.

Junior miners are also capturing attention, having reached a new closing high that outpaced the broader gold mining index (GDX). This could signify a potential leadership shift in market dynamics. With gold hitting new all-time highs, there is a strong possibility that prices may soon challenge the $62.90 peak recorded in 2020.

Politically, Trump’s favorable position in key swing states, bolstered by Elon Musk’s support in Pennsylvania, adds another layer of complexity to this financial landscape. With just 18 days remaining until the election, the Harris campaign faces an uphill battle, needing a significant turnaround to stay competitive.

AG Thorson, a registered Chartered Market Technician (CMT) and technical analysis expert, underscores the beginning of a prolonged bull market in precious metals, expected to continue into the early 2030s. Thorson forecasts that gold might reach between $8,000 and $10,000, with silver potentially exceeding $200. Miners, especially, are predicted to deliver robust performances in the coming years.