Silver Surges Past $26 Amid Gold’s Rise

April 8, 2024

Silver cleared $26 convincingly this week while Gold continued higher to nearly $2350, the first of many measured upside targets. Gold has been a bit gappy and could retrace some of the gaps while Silver has upside to $28.50-$29 and new support at $26.

The mining stocks could have another 5% or so upside to the next resistance.

The Daily Gold

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1 cubic foot of silver weighs approx 655 pounds whereas 1 cubic foot of gold weighs more than half a ton.

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