Gold Tops $2,000 and Silver Soars

This article was originally published at Sprott.com

After touching a record high of $2,075 on August 7, gold bullion closed August at $1,968. Despite a pullback by month end, we see gold well supported above the prior cycle high of $1,900 as it settles into a sustainable $2,000-$2,200 trading level. Both silver bullion and gold mining equities reached multi-year highs in August.

Read more