Precious Metals ended the week on a sour note after the monthly employment data showed 339,000 jobs were created in May, crushing the expectations of 193,000. The reaction produced a bid in the U.S. Dollar, Treasury Yields, U.S. Equities, and Energies. However, looking back on the week, both Gold and Silver both added 2% giving us an indication that a bottom is forming from the recent selloff.
To further help you develop a trading plan, I went back through two decades of my trading strategies to create a Free New "5-Step Technical Analysis Guide to Gold that can easily apply to Silver." The guide will provide you with all the Technical analysis steps to create an actionable plan used as a foundation for entering and exiting the market. You can request yours here: 5-Step Technical Analysis Guide to Gold.Silver's recovery this week was fueled by a local top in the U.S.
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