Gold & silver have spiked vertically on this morning’s NFP disappointment, with silver spiking precisely in Wednesday’s algo spike on the chart through $32, and gold back over $1680.
We hope you stacked the smack during yesterday’s raid.
Silver spikes through $32:
Silver needs to clear $32.50 to see follow-on momentum pull it out of it’s range trade and back towards $35. Once $35 is taken out the next serious and major resistance level is $37.50.
Gold’s move through $1680:
Gold needs to regain the $1700 level for further momentum buying to emerge.