On 13th June 2017 metals benefited from dollar setbacks, whose index had a decrease below 97.
This decrease is quite suspicious if we take into account the choice of the increase of a fourth point; it can be assumed that the future policy of the Fed is going to move in that direction. If so, we should not be worried about downward speculative movements, because in this geopolitical context bonds would be scarcely attractive.
Among current meaningful drivers we find data about industrial production and unemployment in the eurozone and at 2:30 pm the index of consumer prices and retail sales of Usa.
Up to 8:00 pm today metals should not vary with gold, that close to the resistance of 1270 dollars, it seems inclined to 1280 dollars, rather than a setback towards 1250 dollars.
In these days silver has shown a wide tracing up to 16.80 dollars, which should serve as a support and now it is in close proximity of a short resistance in area 17 dollars, with a possible gap up to 17.20 dollars. If quotations were to remain close to the resistance for the whole day, we can assume that after the Fed announcements, metals can resume their upward trend.
