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Silver has been making lower highs and lower lows since hitting a peak at $19.54 per ounce on the continuous COMEX futures contract in early September. Gold rose above its level of critical technical resistance at the July 2016 high of $1377.50 in June and reached a peak at just under $1560 per ounce in September. However, silver did not challenge its July 2016 high at $21.095, as the precious metal underperformed gold.
Gold corrected to its most recent continuous contract low at $1446.20 in mid-November. Meanwhile, silver fell to a lower low during the