Commodity momentum: silver and gold up momentum intact

Based on our end of day observations of the main commodities no major changes occured yesterday. Soybeans stayed in slight positive momentum for a second day while silver having survived the recent correction has moved back into a stronger positive momentum having seen it slow for just one day.

Gold, which has seen its upside momentum slow in recent days, is once again close to testing resistance, first at 1625 followed by 1640.