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June 15, 2026

The Bullion Report Signs Of Basing

Commodities StrategyCommoditiesOther

The precious metals complex is showing preliminary signs of basing, though the environment remains plagued by thin liquidity and systematic selling.

Key Takeaways

  • 1.Precious metals are showing signs of basing as momentum stabilizes, though rallies are viewed as opportunities to sell into.
  • 2.Market participation is thin, with price action dominated by systematic and algorithmic flows rather than real-money interest.
  • 3.ETF outflows and capital rotation away from metals into equities and AI continue to serve as a major headwind.

Table of Contents

  • Global precious metal ETF update
  • Silver & Platinum
  • We think current conditions are different
  • Trading Views
  • DeMark Technicals
  • Electronic Previous Metals Trading Analysis
  • XAUUSD
  • XAGUSD

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