Eight weeks up for Silver

The precious metals remain broadly strong, with net weekly gains for Gold and Silver of 0.1% and 0.2% respectively. Most notable, Silver was higher for an eighth consecutive week, the best run since Oct'2010... back when Silver was in the $25s.


GLD, weekly

SLV, weekly

Summary

Suffice to add.. the precious metals remain broadly strong, which is impressive, as so does the King of FIAT land... the USD.

Near term outlook does threaten a touch of cooling - as we're already seeing in the related Gold/Silver miners. However, mid/long term outlook is bullish.

Things turn hyper bullish with any price action for Gold in the $1400s.. and Silver in the $22s.