Texas Precious Metals says gold, silver pullback offers buying opportunity

Investing.com·31 Jul 2026·Read original

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Summary · why it matters

Texas Precious Metals remains bullish on gold and silver despite recent price weakness, viewing the current pullback as an opportunity for investors to accumulate positions. Chief Executive Tarek Saab told Investing.com that strong central bank buying and growing retail demand continue to underpin the market, with the long-term uptrend expected to remain intact over the next two to three years. Saab linked the surge in official-sector demand to geopolitical shifts following Russia's removal from the SWIFT system in 2022, which prompted broad-based central bank reserve diversification beyond China. On the retail side, he noted that precious metals ownership in the United States is only about 0.5% to 1% of the population, leaving significant room for adoption compared with markets like India and China. The company is also expanding its ETF business with a focus on U.S.-domiciled physical metal storage, as roughly 85% of metal backing ETFs is currently held overseas, primarily in London, and additional products are planned.

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