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Gold New All-Time High and Silver Inching Towards Major Breakout

Published 04/01/2024, 01:57 AM

Gold closed last week at another new all-time high in convincing fashion on the daily, weekly, monthly and quarterly charts. The near-term upside targets remain $2350 and $2500.

The sooner Gold can reach those targets, the sooner Silver should break $26-$28. The past breakout moves in Gold with a strong monthly candle led to immediate strength in Silver, which, upon a move past $26-$28, would have $34 in its sights.

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