Gold is trading within a large triangle shape formation. It is quite possible that it breaks out to $2,400 level this week and then sell-off back to $2,300 next week...

Silver chart no comments...

Gold is in consolidation mode before it explodes higher by summer...

Gold broke out from a month long formation last week and I expect it to come back for retest of slightly sub $2,300 level, which is likely going to happen this week. We need the market to cleanse late gold buyers at $2,400 +

Junior Silver Miner SILJ broke out form a month-long flag shape formation and presently coming back for a retest. As metals trade sideways, miners could grind higher...

Another 26k gold futures contracts left the month of June of 2024. Most likely gold price will remain under $2,400 level until very late of the present month. I would like to see gold to range trade at $2,325 - $2,375 for the next couple of weeks - much needed consolidation of…

PM Miners are still in loser mode. Even on smaller volatility, they give up without a fight. Investor are not convinced yet!

It is typical for metals to demonstrate weakness on Monday. We need metals to consolidate at present levels to allow June 2024 futures on the COMEX to be rolled over.

Silver is slightly positive on a day, but Junior Silver Miners SILJ is negative 1.2% so far. I do not mind minor corrections as long as days ends flat on positive in miners...

Senior Gold Miners GDX broke out from a month-long formation and should be headed higher once the retest is complete...

If Silver bottomed at $26 mark last week, then pullback should hold around $27.50 followed by a rally back towards $29 level...

I expect gold to correct to at least $2,325 - 2,330 level and then another leg higher where gold consolidates around $2,400 level...

During 2022 and 2023 Junior Silver Miners SILJ was putting in place a giant double bottom. Legitimate breakout above $12 mark should push SILJ first to $15 and then to $20 mark. I expect SILJ to reach $20 mark by 3rd quarter of 2024...

Gold price action throughout the May and then breakout in June?

Intense part of a rally in PM miners usually lasts 5-7 months although the entire bull run could last for a couple of years…

Silver's breakout from a 3-year Inverse Head & Shoulder pattern will be no joke. Once $30 is crossed, it most likely goes parabolic catching most by surprise...

Gold broke out from a moth-long descending wedge during the passing week and I expect it consolidate around $2,300 - 2,400 next. I expected gold to test $2,250 - 2,275 before it reverses higher, but it only made until $2,277. Ideally I would wanted gold to dip lower, but perhaps…

Once silver crosses $30 mark, it could be a matter of 3-4 weeks for it to reach $40+

Looks like miners will perform to their full potential once silver overcomes $30 mark. Until then shares will likely demonstrate a moderate performance.

Junior Silver Miners SILJ is trading around a key resistance, which is 2023 April high. I expect SILJ to test $15 mark once silver breaks to $32 level, which is 30% from present price level...