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Fed’s rate cuts and China’s stimulus package have fuelled the precious metal’s chase along gold’s price ... The daily chart shows that the price of silver has bounced back in the past ...
making it increasingly difficult for silver to remain at these relatively low levels while gold continues to soar. Also, take a look at the chart below and notice how gold struggled from 2020 to early ...
The downside risk for gold is back to $3,100-$3,000. Silver has been in a long stupor. The weekly chart (above) shows that it is preparing to hurdle a large five-year base. From a rounding base ...
His next major target is $4945 for Gold and if Silver takes out $36.50, it's going to $50. We've just seen a stunning rally in the gold market. But has it topped now? David Morgan checks in to share ...
If you look at the lower part of the above chart, you’ll see that the XAU Index – proxy for gold and silver stocks – just invalidated its own move to new highs and above the declining dashed ...
Silver has also seen impressive gains, with prices reaching $32 per ounce recently. With both metals performing well, many investors are asking: Is gold or silver the better choice for my portfolio?
Gold (XAU) is correcting from resistance due ... However, a break above $3,050 would signal a move higher. The daily chart for silver (XAG) shows that the price moved lower on Friday, but the ...
The majority of the forces driving the rising price of silver are identical to those driving the price of gold. (Reuters) The adage ‘silver is the poor man’s gold’ has been taken literally ...
Even gold enthusiasts tend to view an ardent interest in silver as somewhat eccentric. To traders it is the “poor man’s gold” or “the devil’s metal”. For years those nicknames were ...