The near-term technical postures for both metals are also bullish, which continues to invite the shorter-term futures traders on board the long sides of those markets.
The jobs report has at least temporarily thrown cold water on notions the Federal Reserve may be forced to raise interest rates much sooner than many expected and that the U.S.
Technically, June gold futures bulls have the firm overall near-term technical advantage amid a six-week-old price uptrend in place on the daily bar chart.
The silver bulls have the firm overall near-term technical advantage amid a six-week-old price uptrend in place on the daily bar chart.