Gold and silver have both been surging recently perhaps for different reasons. Gold safe haven demand has been up since the COVID inspired lockdowns increased deflationary pressures on world economies.
Silver tends to follow gold as a risk hedge, but had been lagging behind gold's run from $1,190 dating back to late 2018's market correction. It appears silver investors finally woke up and decided to participate in the market now that gold appears to have solidly reached a new plateau.
Gold Technical Analysis
Source: Trading View
Gold's price breakout from $1,580 in April is the