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.
As promised in my previous analysis video on precious metals last week, I have now provided an update.
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.