Silver Now Leading
The first sign that Gold and Silver are ready to resume the next leg of the bull market is Silver taking the lead. That has been the case since last Wednesday’s important bottom and reversal. It has been subtle so far, but Silver is going to accelerate from here. The first target is 23.50 where the 50 day mvg. avg. is. That is only going to offer minor resistance. Once thru that area it is on to the 200 day just below 25. While Silver reaches that target, Gold should get to 1850-1860. These are short term targets that should be reached in the remaining days of 2021.
Looks like we are off and running, CM.
I myself am positioned heavily in the silver stocks right now. For me though its just a trade. Tax Loss selling has compressed these prices and that pressure is now coming off. Should lead to a tradable bounce higher.