Explore Special Offers & White Papers from ADMIS

Early Bounce in Gold and Silver


For today’s action, we suspect gold and silver will take signals from the direction of global equities and perhaps indirectly from action in US treasuries as treasuries have been the most consistent flight to quality instrument of the past 3 months. However, it could be difficult to gold and silver prices to extend in the wake of signs that a stimulus package will soon be agreed upon as that will likely send equities higher and Treasuries lower and ultimately exert selling pressure on gold and silver.


While April platinum this morning is trading only marginally higher in the early going there is a positive buzz toward precious metals, the dollar is slightly weaker and platinum ETF’s saw a noted inflow yesterday. Like the platinum market, the palladium charts favor the bear camp with a series of lower highs and lower lows in place.


While Chinese economic data overnight improve from the prior month the magnitude of the improvement was insignificant and the several reports failed to meet expectations and that has thickened overhead resistance in the copper this morning.

Risk Warning: Investments in Equities, Contracts for Difference (CFDs) in any instrument, Futures, Options, Derivatives and Foreign Exchange can fluctuate in value. Investors should therefore be aware that they may not realise the initial amount invested and may incur additional liabilities. These investments may be subject to above average financial risk of loss. Investors should consider their financial circumstances, investment experience and if it is appropriate to invest. If necessary, seek independent financial advice.

ADM Investor Services International Limited, registered in England No. 2547805, is authorised and regulated by the Financial Conduct Authority [FRN 148474] and is a member of the London Stock Exchange. Registered office: 3rd Floor, The Minster Building, 21 Mincing Lane, London EC3R 7AG.                  

A subsidiary of Archer Daniels Midland Company.

© 2021 ADM Investor Services International Limited.

Futures and options trading involve significant risk of loss and may not be suitable for everyone.  Therefore, carefully consider whether such trading is suitable for you in light of your financial condition.  The information and comments contained herein is provided by ADMIS and in no way should be construed to be information provided by ADM.  The author of this report did not have a financial interest in any of the contracts discussed in this report at the time the report was prepared.  The information provided is designed to assist in your analysis and evaluation of the futures and options markets.  However, any decisions you may make to buy, sell or hold a futures or options position on such research are entirely your own and not in any way deemed to be endorsed by or attributed to ADMIS. Copyright ADM Investor Services, Inc.

Latest News & Market Commentary

Explore Special Offers & White Papers from ADMIS

Get Started