Greetings!
Silver has surged past major upside resistance in the past week, confirming that its breakout over $35 is for real and opening the door to the $42 to $44 trading range.
While silver is up 23% on a 12-month rolling basis, gold continues to lead with a 12-month gain of 45%. Although gold has been consolidating recent gains, its trading pattern suggests the next move higher towards $3,500 is just ahead. Meanwhile, platinum has exploded, gaining 45% in just the last 10 weeks.
In this edition of AGE Gold Commentary, we look at the latest price action for silver, gold, platinum, and palladium. We explain why palladium looks like the sleeper metal right now, offering excellent fundamentals and growth potential.
And finally, we analyze the latest US data to understand how the first ripples of President Trump's aggressive trade policies are affecting the economy and overall outlook for precious metals.
You can also view this video on the AGE YouTube channel, which includes a transcript.
Sincerely,
Dana Samuelson
President
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