
Silver Forecast: Golden Cross Forms as $70 Caps the Rally
Silver faces resistance at $70 as its 50-day EMA attempts a Golden Cross, while fading momentum raises the risk of a short-term pullback.
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Silver faces resistance at $70 as its 50-day EMA attempts a Golden Cross, while fading momentum raises the risk of a short-term pullback.

Gold stalls near $4,700 as the rally looks overextended, with a Golden Cross supporting the broader outlook and $4,500 offering potential support.

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The relative calm in the energy and bond markets have allowed the US dollar and equities to make a slightly positive start to the week. America's economic war on Iran also failed to trigger any panic, leaving investors with little to chew over until the release of US inflation data on Wednesday and Kevin Warsh's speech at the Jackson Hole Symposium on Friday.

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GBP/USD is holding at 1.3627 on Tuesday. In the final full week of August, the pair remains near its highest level since mid-February.