Gold and Silver Long-Term Resistance Levels: Breakouts Ahead?
In this video, we compare the long-term resistance levels in and . Gold is technically in a cleaner position as it only has resistance around $2,100 and should break that in the coming months.
Meanwhile, silver is yet to face resistance at $28-$30 and then its all-time high resistance around $50.
Due to this setup, silver may not outperform gold when gold breaks above $2,100. It could happen later.
We also show silver’s performance after gold’s breakouts in 1978 and 2009. This can help us decipher what might happen in the future.
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