Gold and silver are both carving out bottoming patterns, ActionForex notes, with silver bouncing from its 58.46 low and eyeing the 63.31 retracement zone. Whether the setups become real recoveries may depend on the US 10-year yield, which has retreated from 5.365% and is stabilising near its short-term average around 5.246%. An upside CPI surprise that sends yields back toward their highs could undermine both metals' developing bullish structures.
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