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Gold $3,348.41 $21.56 0.65% Silver $32.56 $0.05 0.15% Platinum $978.10 $15.5 1.61% Palladium $971.39 $17.74 1.86%

Zaner Daily Precious Metals Commentary

Zaner Daily Precious Metals Commentary

With a downside breakout in the dollar index overnight to the lowest level since April 12th, a portion of the bear camp should be discouraged.

However, gold has clearly established a pattern of lower highs and remains within the lower quarter of the range of the last 30 days in a fashion that favors the bear camp.

Furthermore, gold ETF holdings yesterday declined by a VERY significant 193,328 ounces for a 0.2% daily decline, with silver ETF holdings declining by 4.3 million ounces in the last two days...[MORE]

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