Gold is currently net lower for the week by -$126 (3.0%) at $4123.
I’d especially note the most recent two weekly candles, which are spiky on the upper side, a sign of bullish exhaustion. Weekly momentum has just started to tick back lower.
Big support 3500/3400s.
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Silver is currently net lower for the week by -$3.39 (6.5%) at $48.55.
The weekly candle is bearish engulfing, as last week’s spiky candle – reflective of tired bulls, is playing out. Weekly momentum has started to weaken.
Big support… psy’$40, and then the 39/38s.
Implications for the miners… into November.