Thursday, 28 February 2019

Mixed month for the metals

The precious metals of Gold and Silver saw net February declines of -$9.10 (0.7%) to $1316.0, and -$0.44 (2.7%) to $15.63 respectively.

Gold monthly1b

Silver monthly1b


Gold: the February intra high of $1349.80, was the highest level since April 2018. Price momentum is back to positive for the first time since May 2018. Things will turn decisively (and wildly) bullish >1400.

Silver: despite settling sig' lower for the month, macd (blue bar histogram) cycle has turned positive for the first time since Jan'2018. Broadly... Silver is just churning.