Overheated gold and silver markets under serious strain, but high prices should cure high prices – Heraeus

(Kitco News) – The gold and silver markets are reeling under the effects of the white-hot bull market rally, with prices and supplies showing enormous strain by several metrics, according to precious metals analysts at Heraeus.In their latest precious metals update, the analysts noted that after rising over $200 per ounce to set its largest weekly gain of the recent rally, the yellow metal is extremely overbought.