Interviews & market analysis

Follow SilverTrade

Gold & Silver Explode Higher As Shorts Capitulate

A massive fiery explosion erupts at night, sending sparks and smoke billowing above a dark landscape.

Yesterday marked an important turning point for gold and silver.
Both metals opened under pressure, with gold testing its 200-day moving average near support early in the session.

The setup initially looked weak, but buyers stepped in aggressively and both metals reversed sharply higher.

Disclosure

The SilverTrade Insider publishes market news and interviews with named analysts. Opinions expressed by contributors and interviewees are their own, and they may hold positions in the metals, miners or securities they discuss. Nothing here is investment advice.

SilverTrade is affiliated with SD Bullion, a precious-metals retailer, and SD Depository, a precious-metals storage company. Some contributors hold roles at affiliated companies. See our Editorial Policy.

Share this story

LinkedInEmail

Read next