Image Source: Pixabay
Gold closed the week above $2000 at $2003 while Silver closed the week above $24. Silver faces resistance next week at $24.50 and the monthly closing resistance at $25.00. Meanwhile, Gold needs to move higher to confirm the weekly break of $2000.
GDX and GDXJ gained 3% and 3.6% on the week but remain below their 200-day moving averages.
The entire sector will test technical resistance next week.
Video Length: 00:06:35
More By This Author:
Silver Must Hold This Level
Recession, Stagflation Or Soft Landing?
Gold, Silver & Miners To Test Resistance
Comments
Log in or sign up to join the conversation.