Investing in Gold and Silver: Strategic Guide for Beginners
What Are the Current Market Trends for Gold and Silver?
Recent Price Consolidation and Market Behavior
Gold has established itself in a strong bull market pattern, consolidating for several months – a positive technical indicator that suggests building momentum. The consolidation phase we’re witnessing isn’t a sign of weakness but rather a healthy pause in an ongoing uptrend. Current chart patterns and technical analysis suggest gold could potentially reach approximately $3,750 per ounce in its next significant upward movement, according to Chris Vermillion, Chief Investment Officer at Technical Traders.
Meanwhile, silver has been trading sideways in a notably tighter range than gold. This compressed trading pattern typically…
