Gold, silver and the entire precious metals market are still in their medium-term bear market. But there are a few developments, which support investing in this market today. Please, look at the chart below:
While the PM market is still going down, the stronger price action of GDXJ (gold and silver juniors) against GDX (big gold and silver miners) supports investments in PM stocks.
These days the PM stocks are at their lowest level against gold in modern history. Simply put, they are totally undervalued against gold.
I do not know whether the PM stocks will go down or up but the investors looking for value should definitely find value in the PM stocks.