Metals closed up on Wednesday, supported by a weaker U.S. dollar and worries about inflation. COMEX July gold futures rose above $940 an ounce and closed up $10.70 at $937.40, while July silver ended up 15.50 cents at $14.28 an ounce. Lind Plus Senior Market Strategist Phil Streible says the charts show more bullish potential for silver.

“From a technical standpoint, there is a nice cup-and-handle set up in silver, and I think prices should start shooting upward. You might want to consider call spreads in December,” he said. (Right click,“view image” to enlarge chart below)


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