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Events Impacting The Gold And Silver Price In The Week Of October 27th

from Gold Silver Worlds:

In this article, we summarize the key events of the running week that could have an impact on the price of gold and silver price because of trading in COMEX futures.

Over the last week, between October 20th and 25th, both gold and silver remained somehow stable. There was no specific event driven price change.

Gold and silver are still moving at a key juncture. Silver has broken long time support and seems to be moving to the resistance line (see more in Michael Noonan’s latest chart analysis). Gold, on the other hand, is still above critical support but is not yet moving any sign of significant demand.

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