5 market pros outline why investors shouldn't buy the dip in gold and silver after their epic crash

• Gold and silver prices were still struggling for direction after last week's historic sell-off.
• Experts predict more volatility ahead for both precious metals.
• Pros advise caution, noting that the path ahead is difficult to predict.

Gold and silver prices ended last week deep in the red as a historic sell-off swept the market on Friday, and market experts say the plunge isn't necessarily a moment to buy the dip.

The reaction to President Donald Trump's nomination of Kevin Warsh to lead the Federal Reserve sparked chaos, with silver down more than 30% and gold falling more than 10%. Metal markets remained volatile as traders returned from the weekend on Monday.

While a 36% drop in the price of any asset might seem like an opportunity to buy, analysts and commentators urged caution ahead of what's likely to be a volatile stretch.

Katie Stockton, a technical analyst and managing partner of market research firm Fairlead Strategies, told CNBC that she thinks gold and silver prices are in eight or nine more weeks of "corrective action," adding that AI stocks could experience similar volatility.

Other finance pros are more bearish on the continued strength of the debasement trade, which has been one of the chief forces driving precious metals higher since early 2025. José Torres, senior economist at Interactive Brokers, thinks both gold and silver are vulnerable to a larger pullback as they have run ahead of their fundamentals.

"The red hot appreciation has become more speculative in nature and prices have climbed especially fast without much justification, potentially setting up the stage for a painful disappointment for those that bought at the tops," he told Business Insider.

Mark Malek, chief investment officer of Siebert Financial, echoed Torres' bearish sentiment.

"Silver will exaggerate whatever gold does next," he said. "It always runs hotter on the way up and bleeds faster on the way down. This isn't the start or the end of gold's story—it's the dangerous middle."

Nancy Tengler, CEO and CIO at Laffer Tengler Investments, thinks the strategic play right now is for investors to consider stocks over gold.

"I would stay away from gold now that it's turned into a momentum trade, especially when few people can clearly explain why it's risen so much," she noted. "I'd step aside, wait for things to settle, and then re-enter if you still want exposure. These large swings in so-called safe-haven investments are a bit concerning."

Marcus Sturdivant Sr, managing principal at investment advisory firm The ABC Squared, told Business Insider that, based on fundamental analysis, gold and silver should solidify and resume their positions as popular safe-haven assets soon. However, he acknowledged that the unpredictable nature of President Trump's economic policy makes it hard to predict their direction in the near term.

"Was the selloff overdone? Yes, but we could see precious metals slip a bit more," he stated. "Gold's run was pushed by central banks across the globe during last year's economic detox. Metals have been dead money for a decade before 25.