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Gold and silver analysis: Grey metal poised for fresh breakout
Our gold and silver analysis remains bullish. The precious metals' prices rose on Monday before easing back a little at the time of writing on Tuesday. Out of the two metals, silver’s rise was more eye-catching as the new week began, with the metal rising a good 3.3% on the session. Silver rally has helped it to climb out of a consolidation pattern, suggesting that it may be ready to challenge the key $30 level in the next few days or weeks after coming just short of it during April’s rally. Both metals have enjoyed a strong performance so far in 2024, even if the momentum faded somewhat since mid-April. However, ... (full story)