It was a bullish week for the precious metals of Gold and Silver, with
net weekly gains of $29.70 (2.3%) to $1304.60, and $0.62 (3.7%) to
$17.41 respectively. Near term outlook offers further upside, not least if the USD resumes lower, or on geo-political
upset.
Gold weekly
Silver weekly
Summary
Suffice to add... the metals are leaning upward, with gold notably stronger than silver.
Copper remains a powerfully bullish indirect signal. If copper can keep clawing upward, its near impossible not to see Gold, Silver, and the related miners eventually follow.
Key thresholds: Gold $1400s, Silver $22s, Copper $3.00 (achieved).
If gold and silver can meet those thresholds, it will have very bullish mid/long term implications for the related mining stocks.