Advisor Metals Precious Metals Market Update for June 26, 2026 – JP
So…
Please Follow us on Gab, Minds, Telegram, Rumble, Truth Social, Gettr, Twitter, Youtube, Instagram
For the week gold was down 3.48% and 24.41% off its all-time high, silver was down 10.22%, and 49.01% off its all-time high, and the Dow Jones Industrial Average (DJIA) was up .60%.
The charts show, as the traders say, a lot of price damage since the peak in the metals at the end of January. There was an attempt a week ago in silver to get above its 200-day moving average which it could not hold and gold got within $100 of its 200-day moving average and failed to go higher.
The saving grace(s) which may limit the downside from here are that the 200-day moving averages for both gold and silver are both upsloping, prices are far enough away from that average to be near a reversion back to the average price, and the FED’s favorite inflation gauge the core Personal Consumption Expenditures Price Index (PCE) for May which was released on Thursday morning came in at +.3% for the month and at an annual rate of 3.4%, the highest since October 2023. And yet, gold and silver were both up on Thursday and Friday after the announcement.
Until next time…