Gareth Soloway argues silver is the weaker setup and likely stuck in a bearish consolidation unless it reclaims resistance around $91–$92; gold looks stronger but still needs a decisive break above ~$5,400 to confirm a renewed bull move.
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This video is a technical-analysis-only assessment of gold and silver. Gareth Soloway says silver has rallied sharply from roughly $72 to as high as the low $90s, but he views the move as being into a major resistance zone rather than a clean breakout. He characterizes the current silver pattern as a sideways consolidation / inside-bar structure that, in his view, statistically favors further downside unless price can break above the $91–$92 area and reclaim the prior high structure. He marks lower support around $70–$71 and says that if silver loses that zone, he would become interested as a buyer at the lower pivot levels, especially on the bigger historical structure tied to the 1980 high. He also says he recently shorted silver and previously took a long trade on the earlier oversold bounce. Gold is described as the stronger of the two metals, but still not fully confirmed. …
Tactically, silver looks vulnerable unless it reclaims the low-$90s resistance zone; until then, rallies are suspect and the setup favors a rejection or continued chop. Gold is cleaner but still needs to hold support and prove itself above the next ceiling before bulls can press the trade.
Over the next few weeks to months, the precious-metals complex is likely to stay range-bound unless gold clears about $5,400 or silver resolves above its resistance shelf. Confirmation would shift the market toward a retest of highs; failure would keep the intermediate trend corrective and vulnerable to deeper pullbacks.
The structural view remains bullish on precious metals, with Soloway framing current weakness as a consolidation phase inside a larger bull market. The long-term implication is that traders may need to endure volatile range trading before any durable breakout in gold or silver resumes.
Silver has rallied from around $72 to as high as roughly $91 per ounce off the recent lows.
He describes the move up from last Wednesday's lows to the low $90s.
$91–$92 is a key resistance zone for silver and must be broken for a retest of the highs.
He repeatedly identifies that zone as the wall that needs to break.
As long as silver stays below resistance, the broader pattern is a sideways consolidation that he says statistically favors downside continuation.
He explicitly says such patterns tend to break down more often than up.
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