Gold price, silver price and Brent crude price edge higher
Precious metals have moved slightly higher after some recent loses, while Brent crude rallied off Monday’s lows.
Silver holds above support
Spot silver prices created a lower high in July, and fell further after that, but for the moment they remain above the support zone around $28.50.
A close back above $29.00 might signal that a new move higher could get underway, to challenge the $31.75 July high. Alternately, a close below $28.20 would break below the support zone and suggest some more near-term downside.
Brent higher after late Monday recovery
Brent crude oil prices continued to fall yesterday but rallied off their lows, and have made some small gains this morning.
Recent losses have taken Brent back below the 200-day SMA, though a close back above $82.90 might help revive a short-term bullish view.
Additional declines target $79.74, and then down to the June lows at $76.72.
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