Gold and Silver: Central Bank Buying, CFTC Positioning, and the Path to $440
Silver broke out. That is the story today. A 1.92% surge to $62.77 put the metal above its 20-day moving average for the first time in two weeks, and the move is not coming from safe-haven buying alone. Solar demand is back. The Solar Energy Industries Association reports a 15% year-over-year increase in panel installations through June, and photovoltaic cells consume roughly 20% of global silver supply. Industrial demand is pulling silver higher while gold grinds higher on institutional flows.
Key Takeaways Silver surged 1.92% to $62.77, breaking above its 20-day moving average on industrial demand from solar installations. Gold rose 0.30% to $422.60, testing resistance at $428.07 with suppo…
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