Clearly, there isn’t any assure on whether or not or not the rally will proceed. With each closing at resistance our expectations are to see a pause and greater than doubtless a consolidation sample to seem. The massive rallies in gold and silver ought to proceed after a interval of congestion.
We stay bullish the metals anticipating a run on the latest highs. Nonetheless, we expect a small pullback from the primary resistance, the motion from this pullback will decide what the following transfer can be. The consolidation interval ought to final a few days earlier than the rally continues. We anticipate a take a look at of $19.70 silver and $1,560 gold.
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