• +1 (312) 549-9986

Gold $4,020.18 $(4.79) -0.12% Silver $48.97 $0.08 0.16% Platinum $1,589.70 $(19.94) -1.24% Palladium $1,451.76 $5.77 0.4%

Silver surges above $30, reaching levels not seen in more than 10 years

Silver surges above $30, reaching levels not seen in more than 10 years

Silver surged above $30 on Friday to trade at the highest level in more than 10 years.
 
Silver Chart
 
We've talked a lot about the bullish supply and demand fundamentals, which suggested that the white metal was underpriced.
 
Today's price action constitutes a significant technical breakout that lends considerable credence to the bullish outlook.
 
Technicals now suggest potential is to Fibonacci/chart resistance at $35.35/39.
 
When silver leads the charge, all the precious metals tend to benefit.
Leave your comment