Gold and Silver Price Analysis: Will a Breakout End the Current Range?

Spot gold flat slightly below 4,800; failed to break above the 50-day SMA around 4,800 and has consolidated within that area for the past two weeks; key levels cited: break above 4,900 targets 5,600, break below 4,600 risks 4,400. Silver consolidates above its $50–$60 band; noted bullish hammer candle above $60 region suggests base formation for a potential surge Perigon signal context: impact neutral, driver market specific.