“Sahil Kapoor of DSP Mutual Fund is raising red flags on gold and silver, advising investors against initiating fresh long positions due to current valuations and shifting demand. He notes gold has reached its fair value of $4,500-$4,600 per ounce, while silver appears significantly overvalued with a fair price range of $75-$77. This assessment is based on a projected 20% drop in central bank gold purchases and a 25% collapse in jewelry demand in 2025, with volatile momentum buyers now driving the market, increasing risk for sharper corrections.”