Gold Price. Silver Price

In my personal opinion, both the troy ounce price of gold and silver price have an upside from here.

I have observed closely both gold and silver's prices for 1 + year now and have thought for 6-8 months now gold and silver mining stocks are undervalued.

Gold and silver prices exhibit very close inverse correlation to the USD exchange rate to a basket of currencies, EUR/USD especially.

Simply because both gold and silver are quoted mainly in USD.

The main factor putting a cap on gold and silver's prices is the Federal Reserve's policy of raising the Federal Funds Rate.

All the other factors of rising gold and silver prices are in store: heightened geopolitical risk, large sum of outstanding newly printed money, wealth preservation concerns, intensive gold buying by central banks.

A 'wild card' factor is inflation and both Federal Reserve and European Central Bank's monetary policy hinging on it.