Silver prices have been on the rise, with the metal experiencing significant gains. Gold prices have also been rallying to record highs, reaching $2,449.89 per ounce. The Gold to Silver Ratio has decreased to around 76 as Silver climbs to multi-year highs. Silver is currently testing the $32.50 resistance level after bouncing off the $30 support level. Despite a slight dip, Silver is expected to confirm the next leg of the bull market by closing above $32.50.
Silver is down a bit today, which is not surprising as it is still consolidating after breaking above its $28 to $30 resistance zone. Silver needs to close above the $32.50 resistance in order to confirm the next leg of the bull market. $SLV #silversqueeze https://t.co/W7Ss5PTeeO
Silver is up while almost everything else is down. That should tell you all you need to know about the silver market right now. Lock-out rally. #silver
As Bitcoin’s analog cousin, #gold has been turning heads lately. The yellow metal is off its recent high of $2,450 an ounce, touched last Monday in intraday trading, as geopolitical uncertainty mounts and investors look ahead to a rate cut by the Federal Reserve. According to… https://t.co/l3MC0LsynP
Silver is waiting to bust loose
A Ferocious Bull Market! Last month, we wrote on this platform that Silver is getting ready for a face-ripping rally as the Gold/Silver ratio was elevated. The ratio is now down to roughly 76 as Silver climbs multi-year high while Gold is down 3% from its peak. (the chart… https://t.co/9oVVLjBBii
Silver continues to rise (up 1.61%) after retesting and bouncing off of its $30 support level. The next hurdle to clear is the $32.50 resistance level that is just overhead. $SLV #silversqueeze https://t.co/yk45ijWyKo
The Gold to Silver Ratio is snapping out of hibernation... #silversqueeze https://t.co/GEyjKN5tpu
The global #SilverSqueeze https://t.co/ritDAQrb8m
GOLD, SILVER AND COPPER RALLY HAS JUST TAKEN A BREATHER — NEW HIGHS ARE NOT THAT FAR OFF, EXPERTS SAY (CNBC) Gold prices have been rallying to record highs, with spot gold notching a new top of $2,449.89 per ounce on Monday. Silver too hit multi-year highs earlier last week, as… https://t.co/IwDyYfZM5Y
Silver having a big day. Up over 4%.