Silver’s Rare Golden Cross Shows Rally Has Further to Run: Chart

Silver’s 32 percent surge this year has taken its 100-day moving average above the 500-day measure for just the third time this century. When the so-called golden cross occurred in 2002 and 2009, prices advanced at least 66 percent before the phenomenon was reversed. “It tells us the bull market in silver could have further to run,” said Jonathan Butler, a precious metals strategist at Mitsubishi Corp. in London.