Silver Price Forecast: $30+ Silver In 2021

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Silver rose nearly 163% from its Coronavirus-panic lows of $11.30 to its peak on August 6 of $29.82. However, following that incredible rise, silver has since fallen dramatically: from its August 6 peak down to its September 23 low of $21.64 is a drop of nearly 28% in just six weeks. As this article is going to press, the precious metal is trading in the middle region of that range at $24.50.

What is ahead for silver? Is this sell-off over, or is there more downside to come?

Our analysis suggests that silver is within the midst of a wide and volatile consolidation that will resolve upward within the next several months. Keep reading to learn why we expect silver to move above $30 per ounce into 2021.

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Gold Price Forecast: Gold Retesting Breakout

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After surging to a new all-time high of $2,074 in August of this year, gold has since come back to $1,848 for a low in late September. The precious metal is currently trading at $1,890 spot.

Retests of former all-time highs are common in the capital markets. The market is daring buyers to step back in and purchase where they did several months ago. The bias for this scenario is that buyers will once again present themselves as they did in August.

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Gold Price Forecast: All-Time High Breakout Underway

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Gold has just broken out to a new all-time high, eclipsing the former peak of $1,920 set on September 6, 2011. As this article is going to press, gold is trading at $1,983 in the worldwide spot market.

This is a huge moment for gold. All-time highs do not occur every day, nor every year, nor even every decade for the historic store of wealth.

gold price going up

What now? Will gold make a second long-term peak as it did in 2011 and enter another multi-year decline? Or is there a sustainable bull market ahead?

In this article, we will examine the historical precedents for gold as it has broken former all-time highs, and then calculate realistic expectations for the price of gold over the next year based on an observable price pattern

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