Thursday 2 April 2015

Mixed week for the metals

The precious metals saw strong gains to begin April, but across the short four day week, it was a more mixed picture. Gold and Silver saw net weekly changes of +0.2% and -1.3% respectively. Near term outlook is for renewed weakness, within a broader trend that is offering the giant $1000 psy' level for Gold this summer.


GLD, weekly



SLV, weekly


Summary

Little to add.

Metals remain broadly weak.. and look set for renewed weakness across the spring.. and into late summer.