Summary: Technical charts for gold, silver, platinum and palladium from Jim Wyckoff and Kitco provide some perspective on support levels and other key indicators. According to the gold chart, numbers show the metal is way “oversold,” but that bears have a solid near-term advantage. Silver on the other hand has a floor of around $22.50, and technical resistance at $25. Like gold, it’s near-term outlook is in the bears’ favor. Read more…
Gold technical chart courtesy of Jim Wyckoff and Kitco
Silver technical chart courtesy of Jim Wyckoff and Kitco