Gold and silver set new all-time highs, but precious metals now ‘severely overbought’ – Heraeus

(Kitco News) – The precious metals market is flashing warning signals as gold, silver, platinum, and palladium have all entered severely overbought territory by key technical measures, according to precious metals analysts at Heraeus.In their latest precious metals update, the analysts wrote that after setting a new all-time high above $51 per ounce last week, “silver’s near vertical rally has triggered a series of cautionary signals across both technical and structural fronts.”