Does Gold’s Breakout Mean Silver Is On The Launchpad? Three… Two… One…

Gold and silver prices continue to push higher. They’re starting to get some attention from the mainstream, too. A new uptrend in gold is clearly underway, but silver’s performance has so far trailed gold’s.
Let’s take a look at the price behavior over the past six-plus years of both metals to see if we can gain any insights about silver.
I plotted the annual trading range of the gold price since 2013, when most traders indicate the bear market in precious metals began. I also listed the dollar amount of change between the high and low each year.
Notice how the range has shifted higher this year.
Gold’s trading range has shifted markedly higher in 2019. Not only has the price broken above the flat range of the prior three years, you’ll also notice a series of higher lows, a very bullish indicator.
This insight is perhaps more valuable than a simple line on a chart, because it shows that gold’s full price range — both the highs and lows — is trading higher.
The current surge will undoubtedly take a breather at some point, but this big-picture view clearly shows a decisive shift in momentum, one that portends higher and higher prices.
This shift, however, has not yet taken place with silver.
Download Mike’s best-selling book for free here: https://pages.goldsilver.com/freebook

Thanks for sharing and clicking that ‘Like’ button. For those wondering why our videos don’t appear in their subscription feed immediately – we release our clips to our free weekly email readers first, then later we publish to YouTube. Sometimes it’s just hours, sometimes it’s a couple of days later. This is to encourage people to join our free newsletter – because one day, we may not have YouTube to rely on. Join our free newsletter list by going to https://goldsilver.com/ and entering your email address in the ‘Get Market Alerts’ box at the bottom of the page. As always, thank you for your support. M.

(Want to contribute closed captions in your language for our videos? Visit this link: http://www.youtube.com/timedtext_cs_panel?tab=2&c=UCThv5tYUVaG4ZPA3p6EXZbQ)