Gold and Silver Forecast September 3, 2020

from daily forex this is chris taking a look at the uh gold and silver market you can see gold has pulled back just a bit during the trading session here on wednesday uh losing one and a half percent i

Suppose i should say more than just a bit but in the big scheme of things it isn't huge i think 1900 is likely to be very supportive so if we can get close to there and get

A bit of a bounce i might be a buyer to the upside i believe that if we um can break above the 2000 level then 2100 is likely to be the target now having said that we've got the jobs number coming out on

Um friday and that is going to be very influential on the us dollar so you may have a day of sloppy trading here but ultimately i do think the buyers come back silver same thing 26 is definitely an area i'd be a buyer

On if we can break above this 30 level we can continue to go much higher it makes sense that we're kind of chewing through some gains here because look at how big that move was so buying on the dips assuming the us

Dollar continues to lose strength is the plan