Gold 
Silver 
“After declining sharply in March, palladium prices rose during the first half of April. Prices were unable to convincingly break above the $1,625 level, however, which still was around 14% lower than the highs at the start of March.
Palladium prices are likely to settle into a sideways pattern over the next few months, potentially moving between $1,375 and $1,625. At the beginning of May the palladium price is at the higher end of this range. That said, prices remain vulnerable to the downside. If palladium prices break below the $1,375 support level a decline to $1,225 cannot be ruled out. Seasonal weakness in prices coupled with the negative impact of higher energy prices on economic growth, inflation, and desire for internal combustion engines are all factors that are expected to act as a headwind to palladium fabrication demand over the next few months..”
The full Precious Metals Advisory report is available directly from CPM Group. For more information, visit their website, www.cpmgroup.com
*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.
