- Gold and silver prices are solidly lower in midday U.S. trading Monday. Heavy profit-taking pressure has been featured in both metals the past two session after prices hit 13-month highs last week. The downside price action in gold and silver is so far normal corrections in uptrends that remain firmly in place on the daily charts. However, the gold and silver market bulls do need to step up and show fresh power soon to avoid some near-term technical damage being inflicted.
Global stock markets were mostly higher in quieter action overnight. U.S. stock indexes are a bit weaker as midday approaches. The U.S. stock indexes are still in price uptrends on the daily bar charts and not far below their highs for this year.
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