Past performance is not indicative of future results. Certain assumptions may have been made in connection with the analysis presented herein, so changes to assumptions may have a material impact on the conclusions or statements made on this site.
We do not guarantee the accuracy and/or completeness of the charts, make no express or implied warranties with respect to the completeness of the charts, and shall have no liability for any damages, claims, losses, or expenses caused by errors in calculations we have used to generate the information presented. The content on this site is provided as general information and for educational purposes only and should not be taken as investment advice. Wyckoff's Market Rating: 4.0.This website is copyright 2012-2023 Monetary Metals & Co. Next support is seen at $23.00 and then at last week’s low of $22.72. First resistance is seen at last week’s high of $23.535 and then at $23.75. The next downside price objective for the bears is closing prices below solid support at the June low of $22.34. Silver bulls' next upside price objective is closing September futures prices above solid technical resistance at the June high of $24.835. Prices are in a nine-week-old downtrend on the daily bar chart.
The silver bears have the overall near-term technical advantage. First support is seen at Friday’s low of $1,915.40 and then at last week’s low of $1,908.50. First resistance is seen at the overnight high of $1,933.70 and then at last week’s high of $1,942.90. Bears' next near-term downside price objective is pushing futures prices below solid technical support at $1,900.00. Bulls’ next upside price objective is to produce a close in August futures above solid resistance at $2,000.00. A nine-week-old price downtrend is in place on the daily bar chart. Technically, the gold futures bears have the overall near-term technical advantage. Several Federal Reserve Board officials are also scheduled to give speeches today. economic data due for release Monday includes the employment trends index, monthly wholesale trade and consumer credit. This catapults gold to $2,500 and then $5,000 by 2026 - Midas Touch Consulting's Florian Grummes The 10-year yield is presently fetching 4.070%. Treasury note yield last week moved above 4.0%, which is the highest since March. Nymex crude oil prices are weaker and trading around $73.50 a barrel. The key outside markets today see the U.S. data point of a busy data week is the consumer price index report for June on Wednesday, which is expected to come in at up 5.0%, year-on-year, compared to a gain of 5.3% in the May report. Meantime, China’s producer price index in June fell a lower-than-expected 5.4% year-on-year, compared to a 4.6% drop in May. In overnight news, China’s consumer price index for June came in at 0.0%, year-on-year, which was below market expectations for a 0.2% rise. stock indexes are pointed toward slightly lower openings when the New York day session begins. August gold was last down $1.60 at $1,930.90 and September silver was up $0.006 at $23.295.Īsian and European stock markets were mixed to weaker in overnight trading. trading Monday, in quieter summertime trading. ( Kitco News) - Gold prices are slightly lower and silver near steady in early U.S. Receive a comprehensive recap of the day's top stories directly to your inbox.
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