Gold slipped 1.62% to close at

Gold slipped 1.62% to close at $3,976.24, while silver managed to finish up 1.05% at $49.39, though still well below its earlier intraday high of $51.24.

Looking at the daily chart to see how silver behaved today at that critical $50 resistance level, early in the New York session, it made a sharp attempt to test that level but failed to close above it and then pulled back.

Just a couple of days ago, everyone was celebrating gold’s move above the critical $4,000 psychological resistance level. But with today’s pullback, it slipped back below that level in both COMEX futures and spot.

Silver Another High: Continue to Outperform Gold in This Bull Market?

Silver prices have surged to a historic high, breaking above the peak set during the dramatic short squeeze in the London market this October. Gold has broken out of its consolidation range and is now poised to challenge the $4,300 level. With rate-cut expectations rising, can gold return to new highs in December? And is silver’s new record a positive signal for the market?

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