The precious metals of Gold and Silver were rather mixed this week, settling -$9.60 (0.7%) to $1338.30, and +$0.50 (3.0%) to $17.16 respectively. Near term outlook offers broader upside. The m/t outlook would turn decisively bullish if Gold >$1400 and Silver >$22s.
Suffice to add, the metals were rather mixed this week. Unusually, Silver is outperforming gold, although across the last year or so, its still massively lagging.
Copper, Gold, Silver, 10yr, monthly
The trio of metals do broadly trade together across the years. Since late 2015, Copper and Gold are performing far better than Silver. This past week's sig' gain in Silver could well be the start of a major bullish run. Keep in mind, the broader commodity complex is climbing. I'd refer anyone to the following CRB chart...
Soft target for the CRB remains the 220/30 zone. If correct, bullish implications for the metals (and related mining stocks), at least to some degree.