As the US Treasury yields stabilize, gold and silver have seen a rebound in recent days. But what does this mean for investors? Let’s break it down.
Gold Reclaims Uptrend; Buying Dips Preferred
Gold has been closely tied to US interest rates over the past month, showing an inverse relationship. With the US economic calendar thinning out, gold has found support. Technical indicators suggest further upside in the near-term, with key resistance levels to watch.
Silver Squeeze Halted, For Now
Silver’s technical picture is less compelling than gold’s, but there are signs of a potential turnaround. Key levels to watch on the downside and upside are highlighted, along with the correlation with US interest rates.
Assessing Risk Events
Looking ahead, known risk events are limited, with geopolitics posing a potential threat. However, dips in the market are likely to be bought in the near term.
Overall, the recent rebound in gold and silver prices presents opportunities for investors to consider their positions and potential strategies moving forward. Stay informed and watch for key levels to guide your decision-making process.