iGold

Gold has had quite a run for 2024, up over 25% year to date as this article is going to press in late-December. Will the advance continue in 2025? Or will the new year see a reversal for gold prices after 2024’s strong performance?

Gold Rising Trend Until Proven Otherwise

Gold is within a clear rising trend, which began at the 2022 low of $1,615 per ounce. According to the principles of technical analysis: “A rising trend is valid until proven otherwise.” In this article, we will examine the price levels which will show us that gold’s rising trend is still intact for 2025.

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Silver has just broken higher out of a short-term consolidation. This price behavior results in a target of $38.65, a 16% anticipated gain for silver over the months ahead. For investors seeking increased profit above this figure, silver miners have recently begun to provide positive leverage above and beyond the bullion price.

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