Explore Special Offers & White Papers from AFS

Gold and Silver Trending Lower


From a chart perspective, the path of least resistance remains down in both gold and silver. From a fundamental perspective, we also see the path of least resistance pointing down in gold and silver into the last trading session of the week. While not a major negative gold and silver ETF’s continue to reduce holdings, with gold holdings falling for the 6th straight day and silver holdings falling for the 3rd straight day.


With the platinum market making a fresh higher high for the move this morning prices have extended the rally and have left the bull camp control and the market in turn has regained the role of leadership in the precious metals complex. However, it should be noted that this week’s palladium gains were registered with an increase in trading volume and that should signal further gains ahead.


Despite soaring US infections, a US Treasury/Fed spat and a higher Dollar, the copper market has displayed its strong standing with a fresh contract high. Obviously, seeing both LME and Shanghai copper stocks decline, and higher global equity market action adds to the idea that the world economy will manage to make it through the current wave of US infections.

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