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Barchart
Barchart
Jim Wyckoff

As Silver Scores a Nearly 14-Year High, New Records Could Be Just Around the Corner for Precious Metals

Comex silver futures (SIU25) scored a nearly 14-year high today of $39.85 an ounce as of this writing. Gold prices (GCQ25) today notched a five-week high of $3,451.00, basis August Comex futures. Especially impressive this week is that the two safe-haven metals are rallying at the same time as major U.S. stock indexes are hitting record highs and risk appetite in the general marketplace has ticked up. That’s a solid signal that more price upside in the two precious metals is likely in the near term.

www.barchart.com
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