For the precious metals, it was another week of very moderate price movement. Gold and Silver saw net weekly changes of u/c and +0.3% respectively. There remains underlying weakness - not least with repeated opening gains failing, with the broader trend remaining bearish.
GLD, weekly
SLV, weekly
Summary
Suffice to say...minor chop...with underlying weakness still apparent.
The 2013 lows for both Gold and Silver look set to be broken at some point, and I'm guessing Gold will eventually see a multi-year floor in the $1000/900s.
