Gold's Next ‘Bullish’ Target as Silver Hits 12-Year High: Watch These Key Levels

Submitted by Gary S. Wagner on Monday, October 21, 2024 - 20:58.

Oct 21, 2024 Jeremy Szafron, Anchor at Kitco News, interviews Gary Wagner, Editor of www.thegoldforecast.com, in this technical analysis segment focused on gold and silver markets. Wagner discusses the 'clear uptrend' in both metals, highlighting how gold surged past $2,700 and silver hit 12-year highs. Wagner provides detailed analysis of key resistance and support levels, along with technical chart patterns driving the markets. He projects gold to reach $2,865 and silver to push towards $41, citing factors like geopolitical tensions, U.S. dollar strength, and Federal Reserve policy signals that continue to support these precious metals' upward trajectory.

00:00 - Introduction

00:27 - Gold Breaks $2,700

02:10 - Wagner on Geopolitical Tensions

03:50 - Gold’s Technical Uptrend

05:15 - Revised Gold Price Targets

06:40 - Silver Breaks 12-Year High

08:30 - Fed Rate Cuts and Impact on Gold

10:45 - Silver Target of $41

13:50 - U.S. Election and Precious Metals

15:30 - Closing Thoughts