iGold

Silver has just witnessed a rare false breakout. A false breakout is when a market overcomes a defined level of selling pressure, only to fail to hold above that level following a period of consolidation. The result after a false breakout is often lower prices; however, context is key, as the market should only be expected to fall to the next visible support level.

In this article we will highlight silver’s recent false breakout, the expected support level it should decline toward, and the price trajectory pending following the summer low.

Click HERE to continue reading for free on our partner site, Silver Phoenix…

Following Wednesday’s Federal Reserve meeting and ¼ point interest rate hike, gold prices reached a new all-time record high: $2,079 in the spot market. This eclipses the previous record of $2,074 set in 2020 by $5 per ounce. While mainstream observers may not be paying attention to the message of the gold market, this new all-time high is a prelude for significantly higher prices to come. Gold is speaking loud and clear: there is trouble in the global economy.

Investors should be finalizing their precious metals portfolios now, because once gold has broken out to record territory, it will be too late to prudently enter the market. Investors seeking leverage to the gold price over the coming year should consider gold mining companies, which are significantly undervalued versus the metal itself.

Click HERE to continue reading for free on our partner site, Gold Eagle…