Advisor Metals Precious Metals Market Update for June 13, 2025
Israel attacks Iran and gold and silver…
The Dow Jones Industrial Average (DJIA) deceased 1.32% this week while…
Gold has continued its upward march increasing 3.57% this week and staying above its 50-day and 200-day upsloping moving averages.
Silver increased .53% this week and continues staying above its upsloping 50-day and 200-day moving averages after the trading range breakout three weeks ago. For those who watch the gold/silver ratio, it has been above 90 for weeks now which is the general guideline for when silver is going to make an upward move.
One item to note is that the silver price has gotten ahead of the moving averages. As occurred in gold a while back either the price will pause, the moving averages will catch up to the price, or both. My thought is that the silver price may pause here before moving higher.
In economic news this week, the core (less food and energy) Consumer Price Index (CPI) for May came in at +.1% and +2.8% for the last 12 months below consensus forecasts. The core (less food and energy) Producer Price Index (PPI) for May came in at +.1% and +3.0% for the last 12 months below consensus forecasts. Continuing to be above any FED 2% inflation target. The Federal Open Market Committee (FOMC) meets next week and their interest rate announcement will be on Wednesday.
Until next time…