Silver and Platinum Ready to Rally Further

Market sentiment has remained volatile throughout the week. Iran’s strikes to Israel last weekend sparked uncertainty, which eased gradually through the week, only to be re-ignited by Israel’s retaliation last night. The jury is still out on whether this leads to a wider regional escalation, but at the time of writing, Iranian sources have said […]

WTI crude oil runs to 71.00 critical level near downtrend line Momentum oscillators reflect positive bias WTI crude oil prices recovered the bearish gap that was created in the preceding week and is currently testing the medium-term downtrend line near 71.00. The price has added more than 6% over the last couple of days with […]

Gold hit new record high early Wednesday ($2482), following acceleration through former top on Tuesday (metal was up 1.9% for the day, the biggest daily gain since Dec 13). Break above previous all-time high ($2450) signaled an end of corrective phase ($2450/$2286) and continuation of a larger uptrend. Growing expectations for September Fed rate cut, […]