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Gold $2,664.70 $6.96 0.26% Silver $31.85 $0.07 0.22% Platinum $941.70 $2.32 0.25% Palladium $981.21 $12.14 1.25%

Zaner Daily Precious Metals Commentary

Zaner Daily Precious Metals Commentary

Obviously, gold and silver are short-term overbought from a technical perspective and perhaps somewhat overbought from a fundamental perspective.

Nonetheless, with gold and silver prices vaulting higher yesterday and gold prices forging record highs again, the bull camp retains control even without a definitively apparent bullish fundamental theme.

However, gold has forged a five-day low-to-high rally of $123 which suggests the bull camp will need some "help" from the US Federal Reserve Chairman's testimony this morning...[MORE]

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