Precious Metals Lead Markets Higher

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Precious Metals Lead Markets HigherSilver FuturesCOMEX:SI1!CME_GroupThe resilience in the precious metals markets at this point can not be overstated with the sharp moves to the upside over the course of the year. After finishing the week on a strong note last week, Gold and Silver both traded higher again today and carved out a new all time high price with Silver leading the way trading up over 3%. Both of these markets have been trading in a technically “overbought” territory for most of September, and the markets have continued to go higher with the strength in the Euro relative to the Dollar. Outside of the precious metals, the equity markets also traded marginally higher again today, and the S&P and Nasdaq were able to record a new all time high price today. There was little economic data released today, but there was news with NVIDIA about a $100 billion investment into OpenAI that helped boost the Nasdaq and other equity indices. For the rest of the week, there will be many key economic reports, especially GDP later in the week, that could add more volatility into these markets that are trading at elevated levels. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme/ *CME Group futures are not suitable for all investors and involve the risk of loss. Copyright © 2023 CME Group Inc. **All examples in this report are hypothetical interpretations of situations and are used for explanation purposes only. The views in this report reflect solely those of the author and not necessarily those of CME Group or its affiliated institutions. This report and the information herein should not be considered investment advice or the results of actual market experience.