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Gold and silver face pivotal technical test in next 12 hours

From kitco.com

Gold futures demonstrated notable resilience during Wednesday's trading session, reclaiming the psychologically significant $5,000 per ounce threshold in early trading following last week's dramatic selloff. The yellow metal advanced approximately 3% to reach $5,070 per ounce, while silver exhibited even stronger momentum, surging 8–10% toward the $90 per ounce level. This initial strength, however, proved short-lived as macroeconomic data would soon challenge the nascent recovery. The session's trajectory shifted dramatically at approximately 9:30 AM with the release of the ADP employment report, which revealed a ... (full story)

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  • Category: Technical Analysis