Renowned expert Steve Penny discusses the potential for major moves in silver, platinum, and uranium in the precious metals market. He emphasizes the importance of fundamental and technical analysis in making investment decisions. Penny highlights the $2,801 resistance level for gold and expresses bullish sentiment for silver, suggesting a pullback to the $20 to $30 range as a buying opportunity. He points to growing demand for nuclear power as a driver for uranium prices and highlights a bullish triangle pattern. Penny also emphasizes the historical undervaluation of platinum relative to gold and discusses the importance of monitoring interest rates.
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Original article source: https://www.jpost.com/business-and-innovation/precious-metals/article-839463
Source Id: 2025-01-616132028