Friday, October 30, 2020

Tag: Will The Precious Metals Rally Continue Throughout The Summer?

Will The Precious Metals Rally Continue Throughout The Summer?

by Steve St. Angelo, SRSRocco Report:

While the gold and silver prices have broken out higher, precious metals investors are wondering if the rally will continue throughout the rest of the summer.  Since the beginning of June, gold has gone up $250 while silver has increased $3.  Gold is now trading above $1,500 for the first time since 2013 and silver has finally penetrated a key resistance level held for the past six years.

So, we do the precious metals prices go from here??  Good question.  Even though fundamentals are the key underlying driver of price, the market pays attention to key technical levels as I explained in my previous video, Silver Price 2019:  Key Levels For Continued Breakout.  In this new video update, I cover both the gold and silver price action and my analysis of the key levels moving forward.