
Mike McGlone|Feb 14, 2025 14:05
Technical Outlook - Silver Bull Market Backed By Gold - Silver's in an uptrend but to stay above 35 an ounce resistance, may require higher #gold. Considered a leveraged version of the benchmark precious metal, #silver has been trading more like industrial metal #copper, as evidenced by the rising gold/silver cross. 40 is the next silver ceiling above 35. Sustaining below 29 would indicate weakness.
On the Bloomberg here: https://blinks.bloomberg.com/news/stories/srobvit0afb4 {BI COMD}
#commodities #metals #technicalanalysis #macroeconomics @BBGIntelligence
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink