Commodities Analysis and Opinion
Gold, Silver Rebound but Face Stiff Overhead Resistance
2023.08.28 05:46
and rebounded and may have a bit more upside but they do face significant overhead resistance.
Gold has more room to run as it closed at $1940 and its stiff resistance is at $1980-$2000.
Silver managed to close last week above $24 and was stronger than Gold. However, it faces stiff daily resistance in the $24.50-$25.50 range.
