July 13, 2020 – Gold and silver markets enter this week’s trading with bulls eyeing upside breakouts.

Last week’s market action saw a number of significant milestones reached in the metals space:

• Gold traded up to a 9-year high.
• The HUI gold miners index surged to a 7-year high.
• Silver made a slight new intraday high for the year just above $19/oz. It was unable to finish the week above that key resistance level (but seems poised to do so today).
• alladium broke back above the $2,000/oz level.
• Copper rallied to post its best price of 2020.

Investors will be looking for follow through this week.
We are paying especially close attention to the bull vs. bear tug-of-war in the silver market around $19/oz. If the bulls yank prices decisively above that level on a strong close, short covering by capitulating bears could help drive a powerful breakout rally.


Check out live precious metals prices here: https://goo.gl/gy5XMA