Gold and silver futures had solid gains today with the most active June Comex 2021 contract gaining almost a full percent after gaining $15.90.
Silver’s longer-term moving averages such as the 200-day, and the 100-day have remained in bullish alignment with the short-term 50-day moving, average above the 100-day moving average, which is above the 200-day moving average.
In the case of gold futures, the June contract traded above its 50-day moving average on Thursday of last week when market forces resulted in a $28 gain.
Currently, India has the “second-highest number of cases at 15.6 million, and is the fourth globally by deaths with 182,553 deaths reported due to the virus.