Editor’s Note: Don’t miss Kitco’s LIVE interview with Gareth Soloway, chief market strategist of InTheMoneyStocks.com, on Tuesday, June 29, at 4:00 pm EST, to be hosted by anchor David Lin.
Treasury yields on this day are slightly offsetting scant risk aversion in the marketplace and bearish near-term technical charts to keep the metals’ prices just above unchanged.
The minimal risk aversion in quieter summertime trading is allowing the stock indexes to continue to drift sideways to higher.
First support is seen at today’s low of $1,770.40 and then at the June low of $1,761.20.
Silver bulls’ next upside price objective is closing prices above solid technical resistance at $27.00 an ounce.
Copper bulls’ next upside price objective is pushing and closing prices above solid technical resistance at 450.00 cents.