Gold prices had a huge run-up early this year, then the war hit, which created an extra surge. We are now seeing gold pullback and cool off a little bit.
Based on the charts, silver has a pretty similar price action very strong run-up, now flagging sideways, and may start moving up to 29.58 going forward. There should be a lot of selling when silver gets up to this level. The quicker something moves up, the more likely it is to come straight back down when it hits a target.
Overall, there was a pretty deep pullback for gold and silver after the war. The war was a news-based surge and anything news-based that drives price parabolic, usually, that gain gets given back.
Video Length: 00:23:45
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