Precious metals retail traders leveraged too much in the short term trying to make it rich-quick. What we will likely see is the markets correct, a rally the US Dollar...
The global silver market is forecast to record a second consecutive deficit in 2022, with a multi-decade supply gap of 194 million ounces forecast, as demand is set to rise to a new high.
Gold now being on a Long weekly parabolic trend, in the vacuum of historical averaging we can see price on this run reaching above 1900, albeit the 1800's are structural resistance..
The jobs market is continuing to stay strong longer than the Fed has expected. The Fed has says that they want to see weakness and this jobs data does not show that. We will see with the inflation data.