Explore Special Offers & White Papers from AFS

Gold & Silver Tracking Higher


In impressive performance both gold and silver prices this morning are tracking higher despite higher US treasury yields and a stronger dollar. However, the gold market should see support from news that Russian, Czech Republic, Indian, UAE, Philippine, and Uzbekistan gold reserves increased in September according to IMF research. It is also possible that gold and silver are receiving support from Democratic leadership indications that some form of a spending deal among the Democrats will be arrived at this week.


While the palladium market ranged sharply higher yesterday, the charts do not give off signs of a shift into a definitively constructive set up. However, palladium overnight has forged 3-day high and palladium ETF holdings increased by 1,200 ounces yesterday.


While a pair of supply-side issues are supporting the bull case in copper, information from the demand side of the equation favors the bear camp. While there is not specific evidence of Chinese state sales of copper overnight, the trade is fearful that the Chinese government will step in against the dizzying October rally of $0.77.

Futures and options trading involve significant risk of loss and may not be suitable for everyone.  Therefore, carefully consider whether such trading is suitable for you in light of your financial condition.  The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM.  The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared.  The information provided is designed to assist in your analysis and evaluation of the futures and options markets.  However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.

Latest News & Market Commentary

Explore Special Offers & White Papers from Archer Financial Services

Get Started

Contact Us Today