Gold and silver are likely to witness a substantial rally as fiscal dominance and shifting real yields reshape the macro-outlook, a report said on Saturday. 

The report from Vallum Capital said the recent correction merely re‑priced ownership rather than invalidating the investment thesis to accumulate precious metals. It further noted that a 2 per cent real yield threshold and a reversing Dollar Index are structural markers and signal a durable reversal rather than just a chart pattern.