26 August 2024
Gold and silver prices are currently consolidating within a range, despite a recent rally. Both metals have the potential for further gains, but a significant decline in the US Dollar may be necessary to provide the momentum needed for a breakout. Gold is expected to continue its upward trend as long as it maintains support above $2,470.72, with the next target at $2,581.30. Silver, while lagging behind gold, shows potential for catching up if it can break above key resistance levels. However, both metals remain sensitive to dollar movements and could face pullbacks if support levels are breached.