Momentum has actually changed back in gold and silver's support for now, said Jim Wyckoff, senior market analyst at Kitco News.
" When we last chatted, the markets, both silver and gold, remained in a near-term rate drop. Bear in mind, we spoke about vital support levels that needed to hold to maintain prices from speeding up to the drawback and also those crucial rate assistance levels, technological degrees, did undoubtedly hold," Wyckoff told David Lin, support for Kitco Information.
0:00 – Gold rate momentum
4:20 – Silver
7:50 – Expectation for near-term
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