Silver Breakout vs. Gold Consolidation: Time to Buy SLV/AGQ?
Silver surged to a fresh all-time high on December 9, outpacing gold, which continued to trade in consolidation mode. According to Trevor Yates, Senior Investment Strategist at Global X ETFs, markets are now almost fully pricing in a 25bp Fed rate cut at this week’s meeting — a key driver behind the renewed demand for precious metals.
Silver’s breakout has reignited interest in ETF plays such as SLV and AGQ.
Are you buying the breakout, waiting for a pullback, or avoiding precious metals altogether?