SLV

Gold's sharp two-day correction overdue and healthy, analysts say

Gold futures extended their losses Tuesday in the largest two-day percentage decline since February last year. Gold's correction is long overdue and healthy, Saxo Bank's Ole Hansen says. Silver also has corrected sharply in sympathy with gold. J.P. Morgan forecasts gold prices ending 2024 averaging $2,500/oz.

Is There Really A Shortage In Silver?

Silver Institute released its 2024 World Silver Survey last week. Silver demand outstripped supply in 2023, for the fifth year in a row. The forecast for 2024 indicates that the annual production shortfall will nearly double to 265 million ounces. Silver prices have finally begun playing some catchup to gold.

Gold, Silver, Platinum Forecasts – Gold Rebounds From Session Lows As Dollar Pulls Back

Hedges Are Profitable, Semiconductors Stabilizing After 17% Drop

Hedges are now profitable. It is time to book partial profits on some hedges. Semiconductors are stabilizing after a 17% drop. The momo crowd is buying stocks in the early trade. Smart money is inactive in gold and oil. The Arora Report gave signals to put hedges on to protect large profits.

iShares Silver Trust Experiences Big Outflow

Is Silver Going to Break Out on the Upside?

The falling silver-gold ratio is a bullish signal for silver. The silver- gold ratio was near 90:1 on April 1. May silver futures rose 19.3% to a $29.905 high on April 12. Silver is approaching the first technical resistance level at the February 2021 high. A break above the 2021 high could be a gateway to higher silver prices.

Commodity Roundup: Gold, silver suffer aggressive, but 'healthy' correction - Saxo Bank

SLV: Any Silver Price Decline Is A Gift, Multi-Year Bull Just Started