Recently Au is trading in a paper range of 2300-2400 (2450) usd.

Ag has had a 29-30 usd range for about a week and a half.

Could continue for the rest of the month.

The longer we trade in this range there is a chance  when we break up or down it could be  quick move either way.  A trader friend told me this once.  He would jump on the trend the second day after the breakout as long as the direction appeared sustainable.  He looked at more indicators than I knew existed.   He was a trader so in and out quickly whereas most of us may buy low, sell high but may enter too soon.   He also left money on the table but as said, “can’t go broke taking a profit”.

Just my opinion.  If the S&P goes down sharply in a sell-off, we may get a drop into a buying opportunity once the dust settles similar to March 2020 not sure if some sectors in general mkt will rebound long-term though.

I’m 50/50 on short-term direction of PM’s, at this time, with a look to higher prices long-term.  Of course nothing makes sense anymore.

Not investment advice.