
Silver and gold are experiencing significant movements in the commodities market. Silver has shown a notable increase, with spot prices rising by 1.5% and further gains of over 3% in recent trading, indicating a potential breakout from a bull flag pattern. The metal is also expected to resume a long-term bull market, with key resistance points identified at $27.4 and $28.4. Gold also ended April at a record high, contrasting with other commodities like copper and crude oil, which may have peaked, and increased by 0.7% recently. Additionally, the Commitments of Traders report highlighted shifts in market positions, including fresh longs in Brent crude and aggressive short covering in wheat and corn. Uranium ETFs have reached $5 billion in assets, with a bullish long-term outlook.
I've been pointing out how low volume was during the correction in silver last week & saying that it likely meant that the correction would be short-lived. After today's 3.35% rebound, that seems to be proving true. https://t.co/eUFZcjfw7u
Long Silver $SLV +3.6% in a tight race w/ Uranium $URA +3.2% for best place to have your hard-earned capital today...
#Uranium is heating up again - A full U-Cast, pinpointing the expected outperformers is coming for website members this week. https://t.co/hYcHuI5MXA
