Silver about to break higher?
Silver has held its own above its bullish trend line, potentially on the verge of breaking higher after a short-lived dip post US retail sales data.
Our gold and silver outlook remains bullish. With gold only a few dollars shy of hitting a new record high, silver could play catch up and head to a fresh multi-year high.
Gold's recent performance has been bolstered by a weaker dollar and reduced bond yields. Its strong gains in 2024 have reinforced its status as a reliable asset for wealth preservation amidst rising prices.
Silver, which has dual usages as a precious metal and industrial material, has been held back by weaker-than-expected Chinese data this week. But it is unlikely to completely decouple from gold. So watch out for a bullish breakout.
By Fawad Razaqzada, market analyst at FOREX.com
Our gold and silver outlook remains bullish. With gold only a few dollars shy of hitting a new record high, silver could play catch up and head to a fresh multi-year high.
Gold's recent performance has been bolstered by a weaker dollar and reduced bond yields. Its strong gains in 2024 have reinforced its status as a reliable asset for wealth preservation amidst rising prices.
Silver, which has dual usages as a precious metal and industrial material, has been held back by weaker-than-expected Chinese data this week. But it is unlikely to completely decouple from gold. So watch out for a bullish breakout.
By Fawad Razaqzada, market analyst at FOREX.com
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.