GLD, weekly
SLV weekly
Summary
Suffice to add, a third consecutive net weekly gain for both Gold and Silver. The more industrial Silver is racing to negate the recent break of core rising trend.
Indeed, the recent break of core rising trend in Silver - which was also seen in the related gold/silver miners, was a serious technical break. Yet this third weekly gain has really helped to negate the break.
What should matter to those looking for much higher levels, is that Gold and Silver break the April highs this summer. If that can be done, the door will re-open for a challenge to the summer 2016 highs.
Things will turn hyper-bullish with Gold $1400s and Silver in the $22s.
I'm certainly leaning to the bullish side.
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