Silver Prices Consolidate around $28.22 Amid Economic Data Caution
September 11, 2024“Gold Reaches Historic Highs After ECB Rate Cut, Analysts Bullish on Precious Metals; Silver and Platinum Also Gain Momentum”
September 13, 2024Gold experienced a setback after attempting to surpass the $2520 – $2530 resistance level. To sustain upward momentum, gold must close above $2530. Silver, on the other hand, advanced while the gold/silver ratio dipped below 88.00. Despite a rebound in the U.S. dollar, silver was not under significant pressure. A breakthrough above the $28.75 – $29.00 resistance range can propel silver towards $31.45 – $31.75. Platinum also saw gains as it moved above the $935 – $940 barrier and aimed at settling above $950. If successful, platinum will target the next barrier within the $975 – $985 range.