After a consolidation period, Silver pushed higher last week. Silver is currently testing the white trendline with significant resistance overhead. It is anticipated that Silver can become much more volatile with choppy trading in coming weeks as it approaches the target above. Overall there is anticipated to be some moderate upside for Silver into early March.
From this point onwards, during coming weeks, Gold is anticipated to have much better upside potential than Silver. Generally, Silver could be more choppy with Gold holding gains and pressing higher more effectively.
Of note, Gold and Silver moved higher last week with SPX hardly gaining anything for the week.
The following chart is from January 27th Silver analysis.
Update for Gold. Gold is testing the midfork again.
The following chart is from February 8th Gold analysis: