Financial markets tips, strategies and analysis from experienced Moneymunch analysts' advice to help improve your trading

Will Gold and Silver continue to Drop? What to do now that Gold and Silver Prices are Down?

mcx gold silver

Gold closed Friday at its lowest level since July 2011. In the last two days, gold was off about $79 and silver off about $1.60 at their worst points. Everybody is writing many reasons for gold and silver move but no-one know for sure where the bottom is.

My advice: hold your gold and silver.

Keep in mind, gold will end the year much higher than where we stand today and I trust the precious metals bull market will see gold and silver prices much higher before it is all over. Hang tight!

For long term investors: the gold prices may be more down but there is severe uncertainty in the market and it may be a better option to buy gold now.

I have Gold and Silver hurdle, support & resistance below: [Only Paid Subscriber can see]
Password Protected Article - for premium Subscriber

If you want to know more about Commodity Market than subscribe our service now.

Leave a Reply

Your email address will not be published.