The start of today’s trading session was mainly bearish for the market of precious metals.
The situation looks as follows:
· Gold: -0,07% down to 1775,90/oz.
· Silver: + 0,20% up to 34,72/oz.
· Platinum: - 0,23% down to 1677,10/oz.
· Palladium: -0,58% down to 648,90/oz.
For now, only silver is bullish.
The chart below, courtesy of , reflects the current state of affairs in the market of silver:
In the near future, we may see a retracement move down to 34,18 or even below it. The recent rally will resume if the price breaks and consolidates above the 35,41 high.
