METALS FUTURES MARKET UPDATE

Recently Precious metals technicals are showing some strength with Friday breakout above $592.70 for Gold but we are still range trading .

Russia said on Friday that the Central Bank wants to increase the volume of Gold in its currency reserves, it was enough to take the market higher.

We could see more gains in the pipeline to $607 and $615 during this week even if it is a 50/50 call as recent weakness in US economic datas could pressurize metals.

Trade Idea: Silver: Buy at $11.24/28 targeting $11.55 and $12.00 with a stop below $11.165.