Gold and silver are both currently spiking, with silver up .60 to $35.32, and gold up nearly $20 to $1786!
Silver has decisively sliced through the critical resistance zone of $35 that the cartel has been capping all week, and has extended well into the $35′s. A close above $35 would be crucial, and as we have repeatedly mentioned, should set up a very quick run to $37-$37.50 as stops are triggered, and momentum traders join the trade as silver has now CLEARLY BROKEN OUT!
Silver’s near vertical run up to $35, a very brief consolidation at $35, and then a vertical move as stops were triggered as silver shot through $35:
Gold also has gone vertical through $1785 and now looks ready to challenge $1800.