It’s a quieter start to the trading week, which is the unofficial last week of summer for Americans, ahead of the three-day Labor Day holiday weekend.
stock indexes are pointed to firmer openings when the New York day session begins, with the Dow and Nasdaq futures poking to record highs overnight.
While several Federal Reserve officials gave hawkish interviews last week, Fed Chairman Jay Powell said on Friday that while the Fed could begin to reduce its monthly bond purchases this year, it will be in no hurry to raise interest rates.
Bulls’ next upside price objective is to produce a close above solid resistance at the July high of $1,836.20.
Silver bulls’ next upside price objective is closing September futures prices above solid technical resistance at $25.00 an ounce.