Image Source: Pixabay

In this video, Ira Epstein discusses the current state of the metal markets, highlighting various economic indicators set to be released, such as the Chicago Federal Reserve's May National Activity Index, U.S. first-quarter GDP data, and jobless claims. He notes the potential impact of these reports on market movements, particularly through algorithmic trading.

Epstein also analyzes the performance of key metals, indicating that silver might be forming a trade bottom and expressing caution regarding copper due to a potential squeeze play in London. He observes a general drift in the gold market, which is down for the week, and mentions that the silver ratio is starting to favor silver, suggesting better setups in silver ETFs compared to futures.

Video Length: 00:06:54

More By This Author: