Steve Penny: Expect A Wild Ride Ahead; Silver & Gold Pullback Likely

By Herman James / May 04, 2023 / marketsanity.com / Article Link

Liberty and Finance, Released on 5/4/23

Metals have rallied significantly amid the ongoing banking crisis and talk of the Fed pausing their rate hikes. While he expects much higher prices long-term, the Silver Chartist's Steve Penny believes we could see a 5-10% pullback in gold and silver in the coming weeks. He also shares updates on miners, platinum, and uranium.

2:05 Financial system3:40 Gold update7:10 Silver update9:55 Platinum update12:10 Miners update13:21 Uranium update15:50 Silver Chartist

Steve Penny is a full-time trader specializing in silver, gold, and uranium. Steve Penny's Silver Chartist: https://www.silverchartist.com.

Steve Penny: Expect A Wild Ride Ahead; Silver & Gold Pullback Likely added by Herman James on 05/03/2023View all posts by Herman James ?+'

Recent News

Gold stocks reach new highs on metal price gain

August 25, 2025 / www.canadianminingreport.com

Rise in gold stocks propels TSXV Mining

August 25, 2025 / www.canadianminingreport.com

Market sees gold sector nearing full value overall after target upgrades

August 18, 2025 / www.canadianminingreport.com

Gold stocks gain even as metal pulls back

August 18, 2025 / www.canadianminingreport.com

Gold stocks rocket to new highs, valuations no longer inexpensive

August 11, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok