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Barron’s: Technical Signals Point to Silver Surge as Gold Rally Fades

According to a recent article from Barron’s, it’s time for investors to shift from gold to silver.

Gold’s price recently surged from $2,960 to $3,500 per ounce in just two weeks, but warning signs indicate this uptrend may reverse soon.

These warnings include momentum not confirming new price highs and gold trading at its widest premium to its long-term moving average since 2011.

Meanwhile, silver appears poised for a breakout after extended sideways trading. Technical analysis shows silver is forming a “cup and handle” pattern, suggesting potential upside to $45-$50 per ounce if it breaks above $36.

Original Source: Barron's

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