Jason Perz and Sam Gatlin reveal the setups driving metals and macro markets.
Silver Tarnishes Gold’s New All-Time Highs
By Ian Culley
March 25, 2024
From the Desk of Ian Culley @IanCulley
Pop the champagne!
Gold reached new all-time highs.
Now, whether we consider the shiny yellow rock a viable investment is another story.
You know I’m bullish…
Yet I can’t overlook silver’s lack of participation.
I think of silver as gold’s rambunctious cousin — lots of fun until someone gets hurt — and someone always gets hurt!
Perhaps trading silver isn’t your cup of tea. I don’t blame you.
But silver rallies possess an infectious exuberance. Its rowdy antics and monstrous daily ranges magnetize investors as they attempt to skirt silver’s flame without burning to a crisp.
Unfortunately, silver isn’t bringing the heat. It has yet to break out, and the silver-to-gold ratio is trending lower.
A similar scenario unfolded last spring when gold ran up against its former all-time highs:
The result: 10 more months of sideways chop.
Despite a likely pullback, gold futures and the Gold Shares ETF $GLD remain buys if they trade above last month’s breakout levels (2,100 and 193, respectively).
But gold will take the scenic route until silver breathes a little life into the precious metals space.
Don’t worry, it’ll be impossible to miss.
Silver’s breakout will outshine gold’s new all-time highs as sabers swing, popping bottles left and right.
We’re talking about a real party. Someone will lose their shirt… or even an eye.
But investors won’t be able to resist the good times.
Gold Rush Report highlights the breakout setups, rotations, and technical signals shaping metals markets — giving traders an edge in gold, silver, and commodities.
