21 May 2021

Stocks and Precious Metals Charts - Quiet Markets for Expiration

 

Another lazy, sultry proto-summer day in the markets. 

Stocks had a ranging day again, with the SP 500 finishing nominally unchanged and the big cap techs off a bit after yesterday's big gains.

Gold also ranged a bit, finishing largely unchanged around the 1880 resistance.

Silver fell a bit but held on to mostly unchanged for the week.

There will be precious metals option expirations on the Comex next  Tuesday the 25th.

Let's see how the metals get through this, as they are paused just below some significant price levels.

Have a pleasant weekend.