Gold has broken out, leading to speculation about a potential surge in Silver prices. Silver recently breached resistance at $23.15 and is now targeting $25.9/$26.1. Market excitement for precious metals is high, with call volumes surging for Gold, GDX, and Silver.
$GLD The Gold ETF "weekly" chart shows the "pop" and breakout to new highs. Will we see follow on buying? #IBDPartner Check out @MarketSurge trading platform (for actionable buy/sell signals) —> https://t.co/M9dl0wflVQ https://t.co/eu2rfZSEwI
Call volumes are exploding for $GLD, $GDX and $SLV as excitement builds for precious metals. But is this already euphoria among buyers? It's quite possible. Some caution is warranted when excitement becomes this extreme. Chart: Goldman Sachs https://t.co/WUHBz9YEJ3
#Silver finally broke violently through intermediate resistance at $23.15. Above this resistance turned support, we're aiming for the top of the range at $25.9/$26.1. With the possibility of a sharp acceleration above $26.1. A bullish rally is brewing in #Silver, so get… https://t.co/PYyn4oPtrX https://t.co/PKw2jTyv5V
All eyes are on the Gold breakout $GC $GLD Meanwhile, hat tip to @RedDogT3 for pointing out Silver. This chart is incredibly tight after years of consolidation. $SI $SLV Can it follow Gold for a breakout? https://t.co/yY8FcdSeZw
If gold can sustain the breakout then Silver will be sent quickly to $30. https://t.co/z3ELnhvPS2