Both gold and silver extended their gains today, so I figured it was time to provide some analysis on the precious metals.
People that follow me know I have been bullish these metals for a long time, and I continue to think more gains will be on the way, especially silver which looks relatively inexpensive compared to gold.
Precious metals remain supported due above all to low interest rates and QE money finding its way into these assets as well. Economic concerns and fears over a potential stock market correction are additional reasons people have been buying safe haven gold and silver.
Silver has found additional support from hopes that demand will recover strongly in China, where equities have surged higher over the past few days and supported industrial metals such as copper (and silver).
Anyway, in the video below, I have provided some analysis for both bullish and bearish scenarios. Don’t forget to like and share the video if you find it useful, and to encourage me to make more such videos.
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