Mixed week for the metals

Whilst US capital markets saw some turbulence, the precious metals were somewhat mixed. Gold and Silver saw net weekly changes of +1.2% and -0.4% respectively. Near term outlook offers a continued moderate bounce, but broader trend remains very bearish.


GLD, weekly

SLV, weekly

Summary

Suffice to say, considering the significant weakness in US capital markets across Mon-Wednesday, Gold failed to catch much of a 'fear bid'.

Silver remains naturally weaker of course, along with the rest of the commodity market.