Friday, 23 March 2018

Big gains for the metals

The precious metals of Gold and Silver saw broad gains, settling +$37.60 (2.9%) to $1349.90, and +$0.31 (1.9%) to $16.58 respectively. Near term outlook offers further upside. The m/t outlook would turn decisively bullish if Gold >$1400 and Silver >$22s.

Gold weekly

Silver weekly


Suffice to add, Gold remains notably stronger than Silver

Gold and Silver have been broadly choppy since early 2017. Things would turn decisively bullish with Gold >$1400, and Silver >$22s.

If the metals do proceed higher across the spring/early summer, it will bode very well for the related gold/silver mining stocks.