Gold Market Wire
News, analysis and commentary for gold traders and investors
Silver Market Update
Silver Spec Comes into Focus
December 16, 2024 - (Gold Market Wire) - As Gold continues to do little but drift around $2650, we note an opportunity in Silver worthy of a spec position. Our touchdown on the trend line provides a set-up:
![](https://cdn.prod.website-files.com/5d754afa7a6dfa49fd253976/6760054decba2c9b45d9b113_67600452d992d10502cfb031_Screenshot%25202024-12-16%2520at%252011.43.05.png)
Right now the chart is telling us that length is appropriate. This is the first trade we've put on in weeks, as we forecast a quiet period for Gold. Nothing spectacular here - just a spec from the long side. Profit take is planned if we approach $31.50-$32.00