Advisor Metals Precious Metals Market Update for March 28, 2026
Have Gold, Silver, and the DJIA bottomed here?
Possibly, possibly, and no.
Gold bounced off of its 200-day moving average this week which is a significant development. The big players look at that moving average for trend direction. For the week, gold was up .65%.
Silver bounced off of its 50% retracement level from its recent all-time high which is a significant development as the 50% retracement level is a key level for Fibonacci traders. For the week, silver was up 2.89%
The Dow Jones Industrial Average (DJIA) entered correction territory and is now 10.79% below its recent all-time high and looks to be going lower. For the week, the DJIA was down .90%.
Until next time…