Gold and Silver prices are surging, with Gold breaking out of a 4+ year range and hitting fresh all-time highs. If Gold sustains the breakout, Silver could reach $30. Silver also broke through resistance at $23.15 and aims for $25.9/$26.1. Market excitement is evident with exploding call volumes for Gold, Silver, and mining ETFs, but caution is advised. Both Gold and Silver show potential for further upside moves.
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#Silver in a cup & handle set up, potentially positioned to make another move up and retest prior highs. @TaviCosta in Crescatβs latest Activist live stream FRIDAYS @ 2:15PM ET #metals #mininginvestor Catch up here π https://t.co/jqoAyEqxKU https://t.co/lQKn5xenJK
$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) β> 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
The gold ETF $GLD hit its most overbought level in its history at yesterday's close -- 3.63 standard deviations above its 50-DMA. ππ https://t.co/7IRyfrVLfh
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
#Gold - Fresh ALL-TIME HIGHS #Silver to test the resistance line that has contained it since August 2020 https://t.co/iFKvxqkjpZ
If gold can sustain the breakout then Silver will be sent quickly to $30. https://t.co/z3ELnhvPS2
#Gold trying to break free of this 4+ year range. https://t.co/7Tarshc4Q9
GOLD - As 'cup & handles' go - it's one for the ages #preciousmetals #Silver #Gold #Inflation https://t.co/DxsVtnAYHj https://t.co/VvTLN02R9O