The giant cup-and-handle pattern chart from 45 years proves that Silver will greet an epic breakthrough, aiming to challenge the critical resistance level of 30.86 by the end of the year.

Mike Roy, an independent Precious Metals Analyst, stated that as 2024 comes to a close, looking back at the significant cup and handle technical pattern of Silver over the past 45 years indicates that silver prices are indeed breaking out. It is necessary to close above the critical resistance level of $30.86 by the end of the year to lay the foundation for an explosive rise in 2025.

FX168Dec 19 15:49

Gold Prices Rebound From Fed-driven Rout, Hawkish Comments Cloud Outlook

InvestingDec 19 13:40

The technical aspect of Gold confirms a breakout! The space for a significant drop in gold prices has opened up. Well-known Institutions' intraday Gold Trade analysis.

In the late trading of Wednesday in Asia, spot Gold remained mostly stable, with gold prices currently around $2645 per ounce. According to Economies.com, gold prices have fallen below a minor Resistance, opening up space for further declines in gold prices in the future.

FX168Dec 18 14:42

Heraeus: Silver is expected to reach 40 dollars next year, and its performance is likely to surpass Gold once again!

Analyst at Heraeus pointed out that the value of Silver relative to Gold is still at a historical low, and in the later stages of a bull market, Silver often performs better than Gold.

Golden10 DataDec 12 17:40

MetalsFocus: It is expected that gold prices will hit historic highs in the coming months, which will drive silver prices higher.

MetalsFocus released the Precious Metals monthly report for December 2024.

Zhitong FinanceDec 12 14:08

Goldman Sachs: Even with a strong dollar, Gold will still be strong, and central banks will buy more.

Goldman Sachs believes that the West looks at the Federal Reserve, expecting a rate cut of 125 basis points by the end of next year will boost Gold prices by 7%; the East looks at central banks, where a strong dollar will not stop central banks from purchasing Gold, with expectations that by the end of 2025, central bank purchases will increase Gold prices by 9%.

wallstreetcnDec 12 09:49