The precious metals of Gold and Silver
saw net monthly declines of -$37.40 (2.8%) to $1284.80, and -$0.90 (5.1%) to $16.68 respectively. Near term outlook offers some weak chop, but high threat of
renewed upside, not least if the USD resumes lower, or on geo-political
upset.
Gold monthly1b
Silver monthly1b
Summary
Suffice to add, it was a bearish September for gold and silver, but broadly... the metals have both been churning across the year. Gold is clearly stronger than Silver.
Key thresholds for 'bullish confidence': Gold $1400, Silver $22, Copper $3.00 (achieved)
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Keep in mind copper, which despite settling net lower for Sept' by -4.6% to $2.95, that doesn't negate the powerfully bullish August close >$3.00. The trio of gold, silver, and copper do trade together across the years...
... and copper is suggestive gold and silver will eventually catch up into 2018.