GLD, daily
SLV, daily
Summary
Indeed, it was notable that Silver - usually a 2x mover relative to Gold, failed entirely to hold opening gains. The lagging silver is probably just a reminder that the underlying trend remains to the downside.
Monday, 1 July 2013
Gold gains again, but silver lags
With the US markets beginning Q3 in a somewhat bullish mood, it was no surprise to see some follow through to the upside for the metals. Gold closed +$20, but Silver actually closed fractionally lower. Bigger weekly/monthly trends remain...dire.
GLD, daily
SLV, daily
Summary
Indeed, it was notable that Silver - usually a 2x mover relative to Gold, failed entirely to hold opening gains. The lagging silver is probably just a reminder that the underlying trend remains to the downside.
GLD, daily
SLV, daily
Summary
Indeed, it was notable that Silver - usually a 2x mover relative to Gold, failed entirely to hold opening gains. The lagging silver is probably just a reminder that the underlying trend remains to the downside.
