Gold and Silver Prices to Bounce Higher Soon?

Gold and silver prices had a very strong December, but since the New Year, both have taken a breather with a temporary pullback in prices. The big question to answer is when will gold and silver prices resume their rise. From the below two charts, in which bullish flags are forming on descending volume, a breakout above the flag formations on strong volume should mark the resumption of higher prices, and likely much higher prices.

bullish flag formation in silver chart
bullish flag formation in gold chart

J. Kim

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top