Silver Breakout to 11-Year High

May 16, 2024

Silver has broken out to a new daily 11-year high. The next strong target and resistance is $34-$35.

The Gold/Silver ratio has lost trendline support. It closed at 80 with immediate downside target of 75 and later, 65 where there is major support.

The Daily Gold


During 1500s the Spaniards had taken 16,000,000 kilograms of silver from Peru.

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