Price of gold and silver takes a breather

Since gold and silver hit record high a couple of days ago, the price of gold and silver seems to take a breather.

The price of gold seems to hover around the narrow band of $1,450 to $1,469 for a few days.

The price of silver reached $41.37 on 11 April, and dropped nearly a dollar the next day.

It is still below $41 at this moment.

If you take a look at the 30 days chart or 60 days chart for gold price, you will notice a continual upward trend.

While the graph does not show a straight arrow up, it shows a trend.

The weekly or daily price for gold is volatile, with a few days of rushing up, and then coming down for a couple of days.

It is as if the speeding car hits the roadblock after a few miles.

The chart showing the accelerating silver price is even more spectacular.

It shows nearly an unstoppable rush of silver price.

Now the price of silver seems to stop moving.  Apparently it cannot decide to go up or down.

What will happen to the price of gold and silver?

Nearly all experts agree that the long term trend is an upward trend.

They warn about short term volatility. However, nobody dares to predict a bear market for both precious metals.

What does it mean to investors?

Those who trade online, especially those day traders, will enjoy the volatility.

They can buy one day, sell the next day, buy again, and sell again.

This is one way of benefiting from the short term volatility.

For those who hold physical silver and gold, if they can afford the waiting, they can keep the physical silver and gold for long term.

After all, in some cultures, people pass down silver and gold for generations.