Gold and Silver Experience Profit-Taking Amidst US Banking Crisis and Economic Growth

1 min read
Source: Kitco NEWS
Gold and Silver Experience Profit-Taking Amidst US Banking Crisis and Economic Growth
Photo: Kitco NEWS
TL;DR Summary

Gold and silver prices experience heavy profit-taking from shorter-term futures traders after both metals scored good gains this week, but remain overall firmly bullish. Sustainable price uptrends and bull markets need to “back and fill” and pause on the charts. Even with today's strong losses, at present levels, gold and silver prices are still poised to post weekly gains compared to last Friday’s closes.

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