Silver's Broken Out, Gold Likely To Follow (Technical Analysis)
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Envision ResearchInvesting Group LeaderFollow5ShareSavePlay(9min)Comments(2)SummaryGold and silver exhibit robust return potential, driven by deeply negative real interest rates and favorable technical patterns.GLD is forming an upward wedge near resistance at $400, with strong RSI and shifting price-volume support indicating a breakout soon.SLV has decisively broken its 2011 high, now trading around $60, with strong RSI and bullish momentum but heightened volatility risk.On the negative side, trading volume in the past few days for both metals is slowing, diminishing the bullish momentum in the immediate term . Eoneren/iStock via Getty Images Gold and silver: negative real rates and technical trading patterns My goal in this article is quite straightforward. I will explain why I keep seeing a robust return potential from gold and silver both due toThis article was written byEnvision Research19.1K FollowersFollowEnvision Research, aka Lucas Ma, has over 20+ years of investment experience and holds a Masters with in Quantitative Investment and a PhD in Mechanical Engineering with a focus on renewable energy, both from Stanford University. He also has 30+ years of hands-on experience in high-tech R&D and consulting, housing sector, credit sector, and actual portfolio management.He leads the investing group Envision Early Retirement along with Sensor Unlimited where they offer proven solutions to generate both high income and high growth with isolated risks through dynamic asset allocation. Features include: two model portfolios - one for short-term survival/withdrawal and one for aggressive long-term growth, direct access via chat to discuss ideas, monthly updates on all holdings, tax discussions, and ticker critiques by request.Analyst’s Disclosure:I/we have a beneficial long position in the shares of IAU, SIVR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.