Besides silver, take a look at this metal.
Update: Gold & Silver
December 1 (King World News) – Ole Hansen, Head of Commodity Strategy at SaxoBank: Silver trades softer this morning at $57.25 after touching a near $59 peak on Monday, as a rebound in risk sentiment—helped by a softer JPY following a well-received 10-year JGB auction—steadied markets and prompted profit-taking in recent highflyers. Gold, which has acted more as a follower than a leader in the latest leg higher, also turned lower after failing to attract fresh demand above the November high at $4,245.
Silver, boosted recently by speculation around tightening inventories and potential short-covering squeezes, is seeing a natural pullback after rallying nearly 21% in seven sessions. As long as prices hold above the $54.50–55.00 support zone, the broader uptrend remains intact. Also worth noting: the XAUXAG [Gold/Silver] ratio has bounced near 73, a level that has twice in the past four years marked a shift toward relative gold strength…
Listen to the greatest Egon von Greyerz audio interview ever
by CLICKING HERE OR ON THE IMAGE BELOW.
Silver & Copper Taking A Breather
Peter Boockvar: While silver and copper are taking a breather this morning after the big run, still keep your eye on the entire industrial metal complex. The CRB raw industrials index closed yesterday just 2 pts from the highest level since January 2023.
KING WORLD NEWS: Commodities Have Already Kicked Off The Next Major Bull Market
Besides Silver, Take A Look At This Metal
Otavio Costa: Aside from this exciting moment for silver:
Let us not forget that copper appears to be on the cusp of a major breakout — one that could also lead to a true price-discovery phase, in my view.
KING WORLD NEWS: Copper Poised For A Historic Upside Breakout
Few resources are more essential than copper for what the world is trying to build: onshoring, AI-driven infrastructure, grid and utility upgrades, the expansion of electric vehicles, and even addressing housing shortages.
This is not the time to take an overly bearish stance on this metal, in my opinion.
Just Released!
To listen to James Turk discuss the Comex shutdown on Friday and the wild trading that occurred after it reopened CLICK HERE OR ON THE IMAGE BELOW.
Just Released!
To listen to Alasdair Macleod discuss the Comex shutdown as well as the wild trading on Friday CLICK HERE OR ON THE IMAGE BELOW.
ALSO JUST RELEASED: Silver Futures Near $60 As Gold, Copper & Oil Markets Heat Up CLICK HERE.
ALSO JUST RELEASED: More Metal Shortages Plus The Road To $10,000 Gold CLICK HERE.
ALSO JUST RELEASED: Friday’s Comex Shutdown And The Wild Trading In Silver After It Reopened CLICK HERE.
ALSO JUST RELEASED: COMEX Shutdown Sparks Wild Stories About A Meltdown In The Silver Market CLICK HERE.
ALSO JUST RELEASED: Silver Sees Historic 50-Year Upside Breakout As Gold Continues Its Parabolic Pattern! CLICK HERE.
ALSO JUST RELEASED: The MegaBubble In Stocks And The Gold Bull Market CLICK HERE.
ALSO JUST RELEASED: Long Term Silver Target A Jaw-Dropping $370 As Miners Prepare To Blastoff CLICK HERE.
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