Gold closes in on all-time high as silver jumps 6pc [Video]

Fawad Razaqzada TradingCandles.com

Both precious metals have continued higher as the breakdown in the gold-silver ratio caused silver to jump 6% as it broke though the $20 psychological hurdle before reaching $21. Gold, which had already been outperforming for months, has also extended its gains, but less spectacularly.

Do keep watching to the end of the video because in the middle I have gone a bit off topic. The initial part of the video is on gold and silver short-term considerations, while the latter part of the video is all about silver’s longer-term outlook and I have gone through some key levels to watch, and where I think prices are heading to next.

Author

Fawad Razaqzada

TradingCandles.com

Experience Fawad is an experienced analyst and economist having been involved in the financial markets since 2010 working for leading global FX, CFD and Spread Betting brokerages, most recently at FOREX.com and City Index.

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