Silver price has also just gone up 10% on 1 jan…
So, with the conditions that have driven this bull market persisting through 2021, we should expect another new all-time high in gold prices later this year….
We expected the same conditions that drove price in 2019 to continue into 2020 and published a forecast back in early january of $1800 comex gold….
Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
On a relative basis, silver was the worst performer out of all 5 of the assets in the metals asset class today.
One, the share prices of the gold companies, particularly the producers, for several years lagged the rise in the metal’s price….
But what about the gold mining sector as opposed to the metal they produce, or for which they explore?…
I suspect a rolling 4q debt series may be indicative.
Gold prices came in third place with 140 participants or 14% expecting the yellow metal to be the best performing asset in 2021….
Out of the 5 instruments in the metals asset class, silver ended up ranking 4th for the day in terms of price change relative to yesterday.