Silver or Gold?
On the day hot inflation data came out, gold fell 2.1% and silver fell 2.8%.
The same news, two different declines. So why is silver reacting more than gold, and which one makes more sense here?
Here’s what I expect: if silver can stay above $54 per ounce, the rally will continue. For gram silver, we need to break through the 90-lira resistance. $54 per ounce works out to approximately 87 TL per gram. The 90-lira resistance, in turn, is equivalent to approximately $56 per ounce. To the downside, the recent low of $48.61 per ounce is critical. If that level breaks, $44 will be in play.
More details in the video
#gramsilver #gramgold #gold
https://t.co/ezDkzRW6Wl
On the day hot inflation data came out, gold fell 2.1% and silver fell 2.8%.
The same news, two different declines. So why is silver reacting more than gold, and which one makes more sense here?
Here’s what I expect: if silver can stay above $54 per ounce, the rally will continue. For gram silver, we need to break through the 90-lira resistance. $54 per ounce works out to approximately 87 TL per gram. The 90-lira resistance, in turn, is equivalent to approximately $56 per ounce. To the downside, the recent low of $48.61 per ounce is critical. If that level breaks, $44 will be in play.
More details in the video
#gramsilver #gramgold #gold
https://t.co/ezDkzRW6Wl