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.
Scant risk aversion in the marketplace and bearish near-term technical charts are keeping the bears in near-term control of the metals, in quieter summertime markets.
stock indexes are pointed toward mixed openings when the New York day session begins and are at or near their record highs.
First resistance is seen at the overnight high of $1,786.10 and then at last week’s high of $1,795.60.
Silver bulls’ next upside price objective is closing September futures prices above solid technical resistance at $27.50 an ounce.