After an impressive six-month recovery rally, precious metal prices reached a significant high on May 3rd. While the spot gold narrowly missed its all-time high of USD 2,075, settling at USD 2,067, silver failed to surpass the USD 26.12 mark. As a result, a small double top pattern has formed in the silver market, alongside the April high at USD 26.06. Silver – Short-term recovery, but no final low yet As expected, both gold and silver prices have entered a correction phase over the past three weeks. Consequently, silver has already dropped by 13.3% from its recent peak, while gold has retreated approximately 6.3% ... (full story)