Gold and Money Markets Expert İslam Memiş explained his expectations for exchange rates, gold, silver and cryptocurrency markets in his latest evaluations of the financial markets. Memiş stated that the long-term outlook is maintained, especially in precious metals.
Year-End Expectation for Dollar/TL
İslam Memiş stated that the current calm trend in the foreign exchange market continues. Stating that controlled movements in the Dollar/TL exchange rate continue, Memiş noted that his expectation for the end of the year is in the range of 50-52 TL.
Stating that the levels of 1.1580 and 1.1780 are followed in the Euro/dollar parity, Memiş stated that movements below the 1.16 level can be considered as a buying opportunity.
Memiş drew attention to the differences between the free market and the official exchange rate. Stating that the dollar is traded at higher levels in the free market, the expert said that on the euro side, lower prices occur in foreign exchange offices. For this reason, he stated that investors should closely monitor exchange rate differences.
Critical Levels Below Ounce
Stating that ounce gold moves within a certain band range in international markets, Memiş said that the levels of 4,480 and 4,580 dollars stand out in the short term. Stating that global developments continue to have an impact on pricing, Memiş noted that there is no change in the year-end expectations.
Stating that gram gold moves parallel to ounce gold, Memiş announced that the upward movement expectation continues in the summer months. Stating that the level of 8 thousand TL per gram gold may come to the agenda in July and August, Memiş said that the current pricing is closely monitored by investors.
Rise Expectation in Silver Continues
Making evaluations about silver prices, Memiş stated that the level of 74 dollars per ounce of silver is an important support point. He stated that the $82 level is in a resistance position in upward movements.
Noting that on the gram silver side, 116 and 118 TL levels stand out, Memiş stated that the withdrawals are being followed by investors.
“2026 is the Year of Accumulation in Gold and Silver”
In his statement regarding the long-term investment perspective, İslam Memiş evaluated 2026 as the accumulation period for gold and silver. Stating that the interest in precious metals may continue in the coming years, Memiş said that global developments continue to be effective in the markets.
85 Thousand Dollar Expectation for Bitcoin
Touching on the cryptocurrency market, Memiş stated that Bitcoin maintains its strong appearance.
Stating that the levels of 82 thousand and 85 thousand dollars are being followed in the short term, Memiş noted that a more active outlook may occur in the market in the second half of the year.
Comments
You can write your views about this story. Comments may be moderated according to site settings.