“Gold is attempting to find footing.” With regards to silver, Wagner says that it is reacting a lot differently than the yellow metal. “It has been trading in a defined range,” he says. “If you look at a gold chart and compare it to a silver chart where you see a nice little rally that has developed in gold — silver has almost been flat lined.” Wagner focuses on this crossroads for gold.
“I think that this will be a very telling week as to whether or not [gold] will break through or back off.”