While traders look for reasons to buy gold and silver, there is no reason to step in here as they remain in downtrends with a higher probability of breaking to the downside until proven otherwise.
What I find interesting is marketing campaigns continue to tell us how high the metals are going. However, what we do know for sure, eventually gold, silver and platinum will reverse and trend higher. Trying to guess when without price action and proof becomes a fool’s game of hope.
Traders must learn that trading is never based on hope or false promises, but price action and trend. Add to that, when those who sell promises and hope are playing on the emotions of traders. Hope is a losing proposition when it comes to trading, price and trend will guide you.