India’s physical demand for gold and silver will start in a big way only from the middle of June. Cash is still used in a big way to buy gold/silver in any form.
Gold’s record-setting rally may have captured the headlines, but silver is running harder and faster as the less glamorous metal benefits from financial and industrial demand.
Gold continues in fresh territory...over $2,420 new highs are probable. Targets for gold range from $2,500 to as high as $2,800. Support is now seen at $2,300, $2,200, and $2,100.
The market is back up to the old highs on a closing basis. The last rally high was $2448.80. So you're sitting here right now in the neighborhood of about $58 lower than that.
