The Daily Gold, Released on 5/12/23

Gold and Silver had been correcting bullishly for weeks. Amid a rebound in the US Dollar, precious metals reversed to the downside. Gold has not broken support yet but Silver did. Silver and silver stocks were hit particularly hard. In this video we look at potential support levels and downside targets for Gold and Silver. Those include $1950 and $1900 for Gold (coinciding with moving averages) and the 200-day moving average for Silver at $22.

0:00 Intro
0:10 Gold & Silver
4:15 GDX, GDXJ, SILJ

Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated investor, as well as TheDailyGold Global, an add-on service for subscribers which covers global capital markets.

  gdx, gold, gold miners, Jordan Roy-Byrne, precious metals, silver