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.