Precious Metals have been hit hard 2026.
After reaching a low this past summer, both silver and gold bounced into August where a high was recorded. Since then, the metals have been in a two month decline.
This has brought the summer lows within view for the Gold ETF – GLD – (about 4 to 5 percent lower).
Today, we highlight those lows as support… an area Gold bulls will surely be watching. A weekly closing below those lows will likely mean another whoosh (perhaps a fast one… and perhaps the final one). If the level holds, perhaps its higher again.
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$GLD Gold ETF Chart
Twitter: @andrewnyquist
The author may have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
