Are precious metals a buy after the US election?

Gold last traded at $1,885 an ounce. Silver at $24.56 an ounce.

NEWS SUMMARY: Precious metal prices steadied Tuesday on mixed economic data and a weaker dollar. U.S. stocks fell as a sharp decline in drug store shares and disappointing retail sales weighed on the broader market.

Capital---"Gold prices climbed above $2,000 per ounce in August, an all-time high, then retreated to trade between $1,850-1,950 per ounce. The gold price after election results was initially higher, rising to the top of the range....The next resistance level for gold is the September 16 high of $1,975 per ounce, followed by $2,015 per ounce and $2,075 per ounce - bringing it back to the all-time high....Technical gold price analysis shows that the Bollinger bands suggest scope for a pullback on gold and the relative strength index (RSI) was overbought, but selloffs in the market are opportunities to buy. The moving average convergence divergence (MACD) gave a buy signal after the election and the market remains in an upward trend for the medium term....Silver reached its highest level since 2013 in August, rising above $29 per ounce, then dropped back to trade around $23-25 per ounce....Silver is likely to find some support from rising industrial production in China, a large proportion of the metal is used in physical applications rather than investment. Silver mining has been disrupted by Covid-19 lockdowns, tightening supply during the year....The gold/silver ratio - the number of ounces of silver needed to buy one ounce of gold - dropped from a record high of 114.77 in April to 68.99 in August and has slipped to around 76 currently from 79.50 in October....US-based Citibank is bullish with its gold price forecast, setting a three-month price target of $2,200 per ounce and a six-to-12 month target of $2,400 per ounce. Its 2021 base case forecast is $2,275 per ounce."