Kitco News, Released on 2/12/20
Gold and silver will both eventually move much higher, but in the short-term, metals will follow their trajectory, meaning gold will move higher and silver will lag, this according to Todd “Bubba” Horwitz of BubbaTrading.com.
“Right now, silver is in a short-term downtrend…both gold and silver spiked to highs and since then, they’ve both come down. The difference is gold found some support around $1,560 April futures but is holding, and silver is continuing that downward trajectory,” Horwitz told Kitco News.
Todd Horwitz — known as Bubba — is chief market strategist of BubbaTrading.com. He is a regular contributor on Fox, CNBC, BNN, Kitco, and Bloomberg. He also hosts his daily podcast ‘The Bubba Show.’ He is a 36-year member of the Chicago exchanges and was one of the original market makers in the SPX.