The near-term technical posture for both metals has also improved a bit this week, which is inviting the shorter-term futures traders to the long side of the metals.
In another sign of stronger consumer and commercial demand for goods that adds to the inflation argument, shipping giant Maersk reportedly said there are not enough ships in the world to meet container shipping demand.
Technically, June gold futures bulls have the overall near-term technical advantage amid a price uptrend on the daily bar chart.
The silver bulls have the overall near-term technical advantage amid a price uptrend in place on the daily bar chart.