The Technicals: Silver Catches Up, Both Metals Have Many Bullish Indicators 

This analysis attempts to look at different metrics to understand the current momentum in the gold and silver markets. It is meant as an analysis on potential price direction in the very short-term (a few weeks to 1-2 months). 

The last technical analysis in June highlighted that the gold market still looked strong despite big price jumps higher. That conclusion proved accurate as the price has continued to build on recent gains and silver has finally broken out to the upside. 

In this latest analysis, the market still looks very healthy but might be due for another consolidation period before attempting $4000 gold and $50 silver. 

Price Action