Gold New All-Time High & Silver Inching Towards Major Breakout
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.
