Gold Market Wire
News, analysis and commentary for gold traders and investors
Gold/Silver Market Update
Silver Hangs Onto Trend Lines
September 2, 2021 - (Gold Market Wire) - For those who seek action, and aren't luck enough to be short the $1800 strike in Gold options, the end of this period of extended doldrums, will be greeted with relief. The Silver market, despite its recent pick-up is doing nothing, flashing reversals one day and again a few days later, but, importantly, hanging on to its recent trend line:
So, the terminally bored can try a scalp long at this juncture, but only very small. Gold is not indicating at all, and has gone to sleep. There is of course the candlestick formation indicating potential reversal, but we can't really make much of this market either way... save for a slow uptrend in Silver.