$GLD and $SLV Prices as of November 27 2017 @moneymetals
7:48 AM
November 27, 2017 -- Gold and silver prices slipped a bit in last week's trading but are drifting back up this morning.
The stock markets recovered from the modest sell-off of the week prior and finished higher once again. Even some weakness in the U.S. dollar wasn't enough to boost metals. Lack of demand for traditional safe havens on Wall Street remains an obstacle for precious metals bulls.
However, even with the pervasive "risk on" sentiment, metals are showing some resilience. The technical support beneath the current levels is strengthening.
It's unlikely that sellers will drive prices below that support, as there don't appear to be many weak hands remaining who are willing to part with their gold and silver.
Check out live precious metals charts here:
https://goo.gl/jCd5h8
The stock markets recovered from the modest sell-off of the week prior and finished higher once again. Even some weakness in the U.S. dollar wasn't enough to boost metals. Lack of demand for traditional safe havens on Wall Street remains an obstacle for precious metals bulls.
However, even with the pervasive "risk on" sentiment, metals are showing some resilience. The technical support beneath the current levels is strengthening.
It's unlikely that sellers will drive prices below that support, as there don't appear to be many weak hands remaining who are willing to part with their gold and silver.
Check out live precious metals charts here:
https://goo.gl/jCd5h8
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