Commodities Analysis by Jordan Roy-Byrne, CMT covering: XAU/USD, XAG/USD, Gold Futures, Silver Futures. Read Jordan Roy-Byrne, CMT's latest article on Investing.com
especially closed the week higher, with the white metal surging to above $31/oz while gold closed at a weekly higher high, above $2400/oz.
After three and a half years of correction and consolidation, both metals are in new bull markets and could reach price levels in the next few years, which would make some blush. In the next chart, we plot the current move in silver with its four strongest cyclical bulls and an average of the four.
XAG/USD Gold Futures Silver Futures
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