Advisor Metals Precious Metals Market Update for July 11, 2025
You can’t keep a good market down. Or can you?
Since breaking out of its trading range on June 2, 2025 silver has been on an upward tear. Today’s closing price is a 14-year high and silver was up 5.15% this week. Price has gone above the upsloping 50 and 200-day moving averages and is way ahead of them. Those moving averages have a bit of work to do to catch up!
Gold was also up this week though modestly at .78%. The 50 and 200-day moving averages are upsloping. We suggested getting in on the dip in price two weeks ago and the buy the dip crowd is becoming more prevalent.
On Wednesday the Federal Open Market Committee (FOMC) released the minutes from its June 17-18 meeting. On cue, the FOMC said that they are on a wait and see approach about lowering interest rates. Wow. Could be because their favorite inflation gauge The Personal Consumption Expenditures Price Index (PCE) is stubbornly above 2%? Nah. Or that they have no clue how to interpret the effect of tariffs? Nah. The next FOMC meeting is July 29-30.
Until next time…