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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Authors
Andrew Matthews
Securities
XAUSilverS&P 500
Themes
Liquidity riskSystematic flow dominanceGeopolitical risk
Regions
Asia PacificMiddle EastUnited StatesIranChina
