Gold Consolidates, Silver Continues To Outperform, US Inflation Data Key

(MENAFN- DailyFX) ates, Silver Continues to Outperform, US Inflation Data Key Skip to Content News & Analysis at your fingertips.
Change in Longs Shorts OI
Daily -2% 7% 1%
Weekly 26% -18% 6%
What does it mean for price action? Get My Guide Silver/Gold Weekly Price Chart

Silver recently traded at its highest level in over a decade, breaking the $30/0z. barrier with ease. This level, supported by a prior high at $29.80/oz. now turns into short-term support.

Silver Daily Price Chart

All Charts via TradingView

What is your view on Gold and Silver – bullish or bearish?? You can let us know via the form at the end of this piece or contact the author via Twitter @nickcawley1 .



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