• +1 (312) 549-9986

Gold $3,324.33 $8.32 0.25% Silver $37.18 $(0.16) -0.42% Platinum $1,317.28 $3.93 0.3% Palladium $1,109.80 $(1.85) -0.17%

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