Friday 10 November 2017

Minor weekly gains

It was a moderately bullish week for the precious metals of Gold and Silver, with net weekly gains of +$5.00 (0.4%) to $1274.20, and +$0.04 (0.2%) to $16.87 respectively. Near term outlook offers further choppy weakness, not least if the USD claws a little further upward.

Gold weekly

Silver weekly


Suffice to add, gold remains far stronger than silver.

Key thresholds: Gold $1400s, Silver $22s, with Copper $3.00s.

The three metals do broadly trade together, and it remains my view that if copper does push upward into and across 2018, that gold and silver will eventually follow.

Copper, gold, silver, monthly