Precious metal investors are keenly eyeing the market, particularly after the recent dip in gold and silver prices. Now might just be the right time to buy, if you know which levels to watch.
Gold
Historically, gold has always been a safe haven investment. However, recent economic conditions have seen its price stumble. Market sentiment suggests that gold may be undervalued, and a reversal could be looming. Key levels to watch are the $1700 and $1750 per ounce marks. An optimistic uptrend could see these levels tested.
Silver
Unlike gold, silver has both ornamental and industrial usage. Its price, therefore, sees more fluctuation. On the dip, analysts suggest watching the $24.50 and $25.50 per ounce levels.
Monitor these key levels closely and make your move when the timing, and the price, are right. Read More
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