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James Turk – Silver Preparing for Massive Upside Breakout That Will Take Price to New All-Time High
from King World News
Today James Turk told King World News that the price of silver is poised for a massive upside breakout. That would be the launching pad that will take the price of silver to new all-time highs.
September 25 (King World News) – James Turk: Given all the sour sentiment out there about the precious metals, Eric, one could be excused for thinking that gold and silver are not doing much. After all, both metals have just been moving sideways in a trading range all year with gold – for now – stuck below $2000 and silver below $26.
However, if we step back and take a long term view, these trading ranges are very telling. They indicate that support for the precious metals is building, even though silver has doubled in price from its March 2020 low, and gold is nearly double its December 2015 low.