Advisor Metals Precious Metals Market Update for June 27, 2025

The FED’s favorite inflation gauge was released today.

The Personal Consumption Expenditures Index (PCE) less food and energy which is the FED’s favorite inflation gauge and one that I highlight increased .2% from April to May and is up 2.7% for the last 12 months.  It has been consistently above the Fed’s 2% inflation target and could be why Powell is not lowering interest rates.

How did the metals do this week?  Great question!

Silver was up .60% and is above its upward sloping 50 and 200-day moving averages.  The moving averages and price are beginning to converge and then we will have reversion to the mean!  And probably a continued upward move.

Gold is pausing here.  It was down 2.90% for the week and went below its 50-day moving average which has become flat.  A potential opportunity to pick up some gold at these lower prices.

The S+P 500 Index and the Nasdaq Composite Index closed at record highs on Friday.  However, for those who follow Dow Theory where the Dow Jones Industrial Average (DJIA) and the Dow Jones Transportation Average (DJT) both need to make new highs for the markets to continue moving higher here are the numbers.  The DJIA is 2.78% off its all-time high and the DJT is 13.18% off its all-time high.  Will the markets continue higher?  And who do we know has the initials DJT???……….

Until next time…