Wednesday, October 21, 2020

Tag: Gold & Silver Hold Up Well While Broader Markets Continue To Sell Off

Gold & Silver Hold Up Well While Broader Markets Continue To Sell Off

by Steve St. Angelo, SRSRocco Report:

The gold and silver prices have held up remarkably well compared to the broader markets as they continue to sell off today.  While the Dow Jones Index is down more than 250 points, gold and silver are just slightly lower.   However, gold has traded in the green several times today.

If we look at the 5-minute chart, we can plainly see that gold and silver have been trading in an opposite trend to the Dow Jones.  As the Dow declined, the precious metals Silver ETF (SLV) and Gold ETF (GLD) share prices went higher.