Thursday 29 March 2018

A mixed month for the metals

The precious metals of Gold and Silver were moderately mixed in March, settling +$9.40 (0.7%) to $1327.30, and -$0.14 (0.8%) to $16.27 respectively. Near term outlook offers further chop. The m/t outlook would turn decisively bullish if Gold >$1400 and Silver >$22s.


Gold monthly


Silver monthly


Summary

Suffice to add, Gold remains notably stronger than Silver. Broadly, both metals have been churning since early 2017. Things only turn decisively bullish if Gold >$1400s and Silver >$22s.