Silver moved to its previous highs (very briefly so, which is typical for those short-term indications coming from the white metal), while gold didn’t.
Gold verified the breakdown below its rising support/resistance line, and now it’s moving back down – another classic technical move.
Gold’s technical picture didn’t change. What silver is doing is aligned with the “story”. And miners did very little yesterday. After the initial move lower, they ended less than 1% higher. Again, that’s typical topping behavior.
Copper and platinum prices moved higher yesterday, though.
The markets focused on the seemingly positive trade agreement between the U.S. and Vietnam. That’s in tune with my theory that Trump now needs some results and victories.#SilverToGold