Gold, Silver Soar, Bearish Short-Term, Bullish Long-Term

Gold and silver futures surge to record highs, with gold reaching $4,584 and silver at $82.67. These parabolic moves, with RSIs at extreme levels, suggest overbought conditions and potential pullbacks. Historical data shows wild swings in commodities, with silver crashing from $50 to $15 in 1980 and gold losing half its value. Major media attention and public influx indicate a climax near. Short-term outlook is bearish, but these highs set new floors for years ahead, around $3,000 for gold and $45-50 for silver. One year ago, gold was $2,700 and silver $30. Checkout Solipillow.comThe Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.