A mixed month for the metals

The precious metals of Gold and Silver were moderately mixed in March, settling +$9.40 (0.7%) to $1327.30, and -$0.14 (0.8%) to $16.27 respectively. Near term outlook offers further chop. The m/t outlook would turn decisively bullish if Gold >$1400 and Silver >$22s.


Gold monthly

Silver monthly

Summary

Suffice to add, Gold remains notably stronger than Silver. Broadly, both metals have been churning since early 2017. Things only turn decisively bullish if Gold >$1400s and Silver >$22s. 

Big gains for the metals

The precious metals of Gold and Silver saw broad gains, settling +$37.60 (2.9%) to $1349.90, and +$0.31 (1.9%) to $16.58 respectively. Near term outlook offers further upside. The m/t outlook would turn decisively bullish if Gold >$1400 and Silver >$22s.


Gold weekly

Silver weekly

Summary

Suffice to add, Gold remains notably stronger than Silver

Gold and Silver have been broadly choppy since early 2017. Things would turn decisively bullish with Gold >$1400, and Silver >$22s.

If the metals do proceed higher across the spring/early summer, it will bode very well for the related gold/silver mining stocks. 

Weak metals

The precious metals of Gold and Silver were broadly weak, with net weekly declines of -$11.70 (0.9%) to $1312.30, and -$0.34 (2.0%) to $16.27 respectively. Near term outlook offers further chop. The m/t outlook would turn decisively bullish if Gold >$1400 and Silver >$22s.


Gold weekly

Silver weekly

Summary

Suffice to add, Gold remains notably more resilient that Silver. Both metals are broadly choppy.

Silver is testing core rising trend from summer 2017. Another sig' weekly decline would bode bearish, but my guess is that a rebound in the metals is due, as the fed are set to raise rates.

Choppy metals

The precious metals of Gold and Silver saw a week of chop, with net weekly gains of +$0.60 (0.1%) to $1324.00, and +$0.14 (0.9%) to $16.61 respectively. Near term outlook offers further chop. The m/t outlook would turn decisively bullish if Gold >$1400 and Silver >$22s.


Gold weekly

Silver weekly

Summary

Suffice to add, Gold remains broadly stronger than Silver.

Both metals have been broadly choppy since early 2017.

Partly based on m/t bullish trends in copper and oil, I'm leaning to eventual bullish upward breaks in gold, with silver following. If correct, bullish implications for the related mining stocks.

Gold and Silver cooling

The precious metals of Gold and Silver saw a second consecutive week of declines, -$6.90 (0.5%) to $1323.40, and -$0.02 (0.1%) to $16.47 respectively. Near term outlook offers a little chop. The m/t outlook would turn decisively bullish if Gold >$1400 and Silver >$22s.


Gold weekly

Silver weekly

Summary

Suffice to add...

-Gold is still broadly stronger than Silver.
-Silver notably tested m/t rising trend this week

I'm still leaning on an eventual upward break, the key thresholds are gold >1400 and Silver >22.