by Hubert Moolman, Silver Seek:
Silver is trying to get back into this important channel previously pointed out:
This puts the current bull market in a similar position to 2004 in the previous bull market. In other words, it is still very early in this bull market.
If you consider the current bull market structure in this context, then it should be apparent that silver prices are currently not as overextended as many may think. It would be like saying silver at $5.60 in 2004 was overpriced.
by Ed Steer, Silver Seek:
The gold price was sold unevenly lower in early Globex trading in New York on Thursday evening — and that lasted until around 10:40 a.m. China Standard Time on their Friday morning. It then had a broad up/down move that ended minutes before 10 a.m. in London — and its ensuing rally ran into ‘da boyz’ a minute or so after 10:30 a.m. in New York. It was then sold/engineered two steps lower until the market closed at 5:00 p.m. EDT.
The low and high ticks in silver were recorded as $4,752.70 and $4,820.00 in the June contract…an intraday move of $67.30 an ounce. The April/June price spread differential in gold at the close in New York yesterday was $25.50… June/August was $37.20…August/October was $35.30 — and October/ December was $36.50 an ounce.
by Chris Marcus, Gold Seek:
Although in another article, they mention that neither country has actually backed the ceasefire, of which that part seems a lot easier to believe.
‘The United States and Iran on Monday were weighing the framework of a plan to end their five-week-old conflict, even as Tehran pushed back against pressure to swiftly reopen the Strait of Hormuz on the eve of a new ultimatum set by President Donald Trump.
Trump has threatened to rain “hell” on Tehran if it did not make a deal by the end of Tuesday that would allow traffic to start moving again through the vital route for global energy supplies.’
