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Metals Explode Higher as Shorts Capitulate

VBL's Photo
by VBL
Friday, May 29, 2026 - 10:49

 

Precious Metals Market Recap

Market Activity

Yesterday marked an important turning point for gold and silver. Both metals opened under pressure, with gold testing its 200-day moving average near support early in the session. The setup initially looked weak, but buyers stepped in aggressively and both metals reversed sharply higher.

 

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