Gold Market Wire
News, analysis and commentary for gold traders and investors
Silver Market Update
Silver Spec Comes into Focus
December 16, 2024 - (Gold Market Wire) - As Gold continues to do little but drift around $2650, we note an opportunity in Silver worthy of a spec position. Our touchdown on the trend line provides a set-up:
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Right now the chart is telling us that length is appropriate. This is the first trade we've put on in weeks, as we forecast a quiet period for Gold. Nothing spectacular here - just a spec from the long side. Profit take is planned if we approach $31.50-$32.00