Commodities Analysis and Opinion

Bearish Reversal in Gold, Nasty Reversal in Silver: What’s Next?

2023.12.11 05:35

Bearish Reversal in Gold, Nasty Reversal in Silver: What's Next?

www.investing.com/analysis/bearish-reversal-in-gold-nasty-reversal-in-silver-whats-next-200644284

Bearish Reversal in Gold, Nasty Reversal in Silver: What’s Next?

By Jordan Roy-Byrne, CMT   |  Dec 11, 2023 04:18AM ET

Jordan Roy-Byrne, CMT

We thought Gold was on its way after convincing weekly and monthly closes, but it put in a bearish reversal at $2100. Silver put in a nasty reversal at $26.

We discuss the short-term outlook and note that $2100 and $26 are the gateways to new bull markets.

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