Friday, 2 March 2018

Gold and Silver cooling

The precious metals of Gold and Silver saw a second consecutive week of declines, -$6.90 (0.5%) to $1323.40, and -$0.02 (0.1%) to $16.47 respectively. Near term outlook offers a little chop. The m/t outlook would turn decisively bullish if Gold >$1400 and Silver >$22s.

Gold weekly

Silver weekly


Suffice to add...

-Gold is still broadly stronger than Silver.
-Silver notably tested m/t rising trend this week

I'm still leaning on an eventual upward break, the key thresholds are gold >1400 and Silver >22.