Precious Metals FUTURES Update

Precious Metals finished Friday with a big Daily candle implying some further upside in the days to come.

Inversed correlation with the USD is still strong.

Traders had anticipated a solid US Retail Sales release were not disappointed.

It resulted in short covering in USD sending Gold and Silver higher.

Gold Futures is now supported at 615/617 and Target could be set at 642 on a break of 631 resistance
Silver Futures first support at 12.80 area and Target is 13.26.