Gold and Silver Outlook for Winter 2023 – Technical Analysis Part 2

The environment is reminiscent of mid-2011 when the U.S. credit rating was downgraded for the first time in history and the gold bull rallied higher.

Gold and Silver Outlook for Winter 2023 – Technical Analysis

The precious metals have made solid upside progress on the charts after consolidating through a bottoming phase and a rally.

Gold and Silver Outlook for Late Fall 2022 – Technical Analysis

Friday’s rally was explosive in paper gold and silver, but don’t get too excited because they’re not decisively out of the woods.

Gold and Silver Outlook for Fall 2022 – Technical Analysis

There’s a good chance they landed into a bottoming zone due to geopolitical and monetary policy actions that surfaced over the last week.

Gold and Silver Outlook for Summer 2022 – Technical Analysis Part 2

Meanwhile, retail premiums on physical bullion coin are sky-high and supplies continue to be intermittent.