Gold Market Wire
News, analysis and commentary for gold traders and investors
Silver Market Update
Silver's Channel and the Overhead Target
June 1, 2021 - (Gold Market Wire) - Today we take a look at the medium term Silver channel, so that we can see its trajectory, and identify (again) the overhead target from the downtrending resistance. Here we can map out the potential for Gold going forward, and see that the channel itself is far from vertical moon shot - but is a lot more reasonable in its path.
When you back up and look at it this way, our rally looks calm and fairly reasonable, i.e. - the stuff of long-term bull runs... the stuff of investment posture.
Sometimes the hysteria all gets over-blown in the monetary spectrum. Backing up for a longer look can restore a sense of calm and show us the path forward, which may be more prosaic than the Bugs expect, or wan.