Chart of the Day - Monday, September 14th, 2020
Today’s Chart of the Day was shared by Tom Bruni (@BruniCharting). Tom shows the daily candlestick charts of Silver (top) and Gold (bottom), over the past eight months. Tom points out that Precious Metals are starting to look interesting once again. Both metals surged in July and have been consolidating into tight ranges for over a month. Will these consolidations resolve to the upside? If so, we could see Gold, Silver, and Miners make another meaningful leg higher. Keep an eye on Gold and Silver in the near term, as we could see prices resolve out of these consolidations in the coming days/weeks. For more on this, check out Tom's latest blog post, in which he lays out some specific levels of interest for Gold and Silver.