Last week, silver surged to a new high even as gold’s performance lagged significantly, far exceeding my earlier expectations. In hindsight, this trading and manipulation pattern bears resemblance to that of Ethereum/Bitcoin this year: the larger-cap asset first posts consecutive new highs, followed by a rapid rally in the smaller-cap one to hit an all-time peak. While such fundamentals-defying gains have proven short-lived in the crypto market, one should not go against the prevailing trend.Silver recorded a weekly gain of over 10% last week, and the emergence of a new high means there are no technical reference points to rely on. As long as it trades above the 54.4 level, the market is clearly dominated by bulls. Since its 2022 low around 17.4, silver has seen a rally of more than 300% i
Gold & Silver Hover at Highs: Wait for Continued Break?
Gold and Silver Stocks Gain. Endeavour Silver up 9.5%; First Majestic Silver, Coeur Mining up 6%; Harmony Gold up 5% ---------- With global turmoil, is gold aiming beyond $3,500 this year? If gold standard is back, would you store physical gold or not? What's your target price for gold and silver? Will silver has more upsider potential?
+ Follow
+62