Gold, silver up on hot inflation, bullish outside markets | Kitco News

June gold futures were last up $6.80 at $1,982.90 and May Comex silver was last up $0.245 at $25.975 an ounce.

producer price index for March, reported this morning, came in at up 1.4% from February and compares to the forecast for up 1.1%.

Bears’ next near-term downside price objective is pushing futures prices below solid technical support at $1,915.00.

Silver bulls’ next upside price objective is closing prices above solid technical resistance at the March high of $27.495 an ounce.

Copper bulls’ next upside price objective is pushing and closing prices above solid technical resistance at the April high of 486.00 cents.

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