Silver prices also fell to a five-week low overnight. Gold and silver prices dropped to their session lows after this report was released. Bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at this week’s high of $1,237.30. Bears' next near-term downside price breakout objective is closing prices below solid technical support at $1,200.00. Silver bulls’ next upside price breakout objective is closing futures prices above solid technical resistance at $18.00 an ounce.

Source: Forbes March 08, 2017 14:42 UTC