Gold's price action is phenomonal right now. Silver must at some point experience exceptional price action as it has a lot of catching up to do. If things continue as they are then Silver has more upside potential than Gold based on a chartist perspective.
There is no guarantee that the US Fed is going to lower interest rates. So this current price behaviour is based on an assumption that it could in the future which makes it a very speculative trade. Lower interest rates will affect the US Dollar and Yields. As a result it could make Gold's Yield look quite attractive. However this is based on potential right now.
Now I personally have no problem with a speculative or assumption based trade as I try and trade the price action and right now Gold's price action is enabling its price to shoot upwards literally like a 🚀 rocket when looking at the 'daily' chart. So do I care what the Fed does or does not do in the future? Not really as trading based on price action means literally that and putting aside the drama of the US Fed and what it may or may not do in the future.
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