Friday, 3 February 2017

Metals still broadly strong

It was a rather bullish week for the precious metals, with Gold and Silver seeing net weekly gains of 2.3% and 2.2% respectively. Near/mid term outlook is bullish, unless the Dec'2016 lows are broken under.


GLD, weekly



SLV, weekly



Summary

Suffice to add... a key low in Dec'2015, with a significantly higher low in Dec'2016. Now its a case of attaining a key higher high in the $1400s this summer/autumn.