Silver Faces Resistance But Uptrend Could Continue
October 1, 2024Stocks Decline as Middle East Conflict Boosts Oil Prices
October 4, 2024Gold prices soared close to record highs following Iran’s assault on Israel, with a potential rally towards $2700 if resistance at $2675 – $2685 is surpassed. Meanwhile, Silver registered gains amid escalating geopolitical tensions, although a gold/silver ratio exceeding 84.50 suggests a bearish outlook for Silver. Platinum briefly breached the $1000 mark before retracing, facing downside pressure if support at $975 – $985 gives way.