Gold & Silver Outlook: Last Week Of 2022
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Gold, silver, and gold stocks continue to trade around resistance levels. They have consolidated around resistance for more than a few weeks.
Gold has struggled when testing resistance at $1840. If it were able to make one push higher then look for resistance at $1870. Silver has yet to test $25 and has a very stiff resistance at $26. But it has outperformed Gold and its outperformance has yet to let up.
The daily bar charts of GDX, GDXJ, and SILJ show potential bullish consolidations. If the S&P 500 rallies to start 2023, the miners could push higher.
Video Length: 00:07:51
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