Gold Market Wire
News, analysis and commentary for gold traders and investors
Silver Market Update
Silver Hits Resistance and Lays out the Challenge
December 19, 2023 - (Gold Market Wire) - As regulars here know, we like Silver as a leading indicator. During the last rally it led the market for gold in what can only be called Classic Form. Right now we are pushing up against resistance, signifying Silver's challenge.
Nothing special, but for trapped length, perhaps and excellent place to get out of the market. Moreover, any type of move through and press higher would have to be met with a certain scepticism. This is, after, all, the Silver market.
No position, waiting for Xmas. The world continues to deteriorate, so we hold the core positions close and tight.