“”silver price”” – Google News
Hecla Mining: Strong Under $3 Seeking Alpha
The post Hecla Mining: Strong Under $3 – Seeking Alpha appeared first on WorldSilverNews.
Month: February 2020
Kitco News
(Kitco News) – A correction in equity markets due to shifting economic growth expectations could be the catalyst to push gold out of its narrow range, according to one market strategist.
The post Gold has room to push to $1,600 in the short term UBS appeared first on WorldSilverNews.
“”silver price”” – Google News
Nanometer Silver Market 2020 Industry Players Analysis, New Innovation, Growth Prospects, Size, Growth, Revenue, Development Policy, Business Share, Regional Trends and Forecast To 2025 Instant Tech News
The post Nanometer Silver Market 2020 Industry Players Analysis, New Innovation, Growth Prospects, Size, Growth, Revenue, Development Policy, Business Share, Regional Trends and Forecast To 2025 – Instant Tech News appeared first on WorldSilverNews.
Silver Price Forecast – Silver Markets Rally To Kickoff Week FX Empire
Gold has room to push to $1600 in the short term UBS Kitco NEWS
Hedge funds are never far away from gold – analysts Kitco NEWS
PBOC easing will support gold prices and could start a global trend – analysts Kitco NEWS
Items Are Mysteriously Turning Gold In ‘Fortnite’ Ahead Of Next Season — Here’s Where To Find Them Forbes
Gold Price Forecast – Gold Markets Continue To Look Bullish Yahoo Finance
The Dollar Index is now facing some significant resistance in the 99-100 zone.
If the buck turns lower from here, that should help hard asset prices continue to recover from their coronavirus lows.
If the USD continues powering higher in the days ahead, that would suggest investors remain nervous about the geopolitical and economic fallout from the China virus. Such fears usually imply selling in stock markets and industrial commodities – and potentially some safe-haven buying of gold.
The yellow metal appears likely to challenge the $1,600/oz. level again very soon. A break above it would establish new 7-year highs. Longer-term, bulls will be eying $1,900/oz – gold’s all-time high from 2011.
Silver is much further away from its former all-time highs. But when silver runs, it can run much faster than gold.
The first psychologically significant breakout point for silver would be at the $20/oz level.
As metals analyst David Smith explained during the most recent Money Metals podcast, “Technically, on the upside you’ve got resistance at $18, $19 and $20. And that could even take a while to get through or it could just cut through it like a knife through butter. But that will tell you something, if it does. I think the real realization is going to start dawning on people when silver gets above $20 and stays there for a few days… You really don’t have too much resistance between $20 and $26. And I think it’s very possible that by the end of this year, silver will challenge $26.”
