The recent #gold and silver rally has continued again this week, with the gold price now up to $2045, while silver has broken above the $25 mark. A far cry from just 2 months ago when both precious metals were languishing, with gold in the $1830s while silver ticked below $21 per ounce.
Although after a ‘war premium’ boost that began in early October, there’s been continued speculation and commentary from Fed officials that the interest rate hiking campaign is complete, and the metals have rallied throughout the period that typically represents ‘buy season’ for gold and silver.
Now with the end of the year approaching, the large banks are putting out their forecasts for 2024, and of particular interest is the new report by JP Morgan. Which highlights gold and silver as their top metals for the year, and calls for silver to break the $30 mark in the 4th quarter.
On today’s show, we review some of the comments from the report, as well as cover the news and events driving the precious metals space. And to find out more, click to watch the video now!