Friday 25 September 2015

Mixed week for the metals

It was a moderately mixed week for the precious metals, with Gold and Silver seeing net weekly changes of +0.6% and -0.5% respectively. Near term outlook remains broadly bearish, with Gold still on track for the giant $1000 threshold, along with Silver 12/10.


GLD, weekly



SLV, weekly


Summary

Little to add.

Most commodities - metals included, remain very weak, pressured by King Dollar which looks likely to re-take the DXY 100 threshold in late 2015/early 2016.