It seems that we currently have another speculative buying opportunity in the precious metals sector, and we believe it might be useful for you to know our thoughts on that matter before the start of the market session.

We will provide you with details in today's update, but generally, there are several reasons to believe that PMs are to rally at least temporarily from here. One of the reasons is the fact that the volume during yesterday's session in the SPY ETF was particularly high during the upswing, which is a bullish short-term signal. This means that the SPY ETF is likely to move temporarily higher before declining once again and given its high correlation with the PM market, the latter is likely to rally as well.

We will provide you with more details (including target prices/areas) in today's update.

Thank you for your interest in our services.

Sincerely,
Przemyslaw Radomski