In mid-July, trading in metals is expected to be slow due to the “summer doldrums.” Despite geopolitical tensions and strong economic numbers from the U.S. and China, the market may remain quiet until after Labor Day weekend. Upward trends in crude oil prices are seen as positive for metals. However, factors such as record high U.S. stock indexes, rising U.S. Treasury yields, and a potential bottom for the U.S. dollar index could limit the upside for gold and silver prices in the near term. The market may continue to move sideways, with silver potentially having more room to rise than gold.

Read more at Yahoo Finance: Gold and Silver Are Grinding Sideways. Here’s What Could Change That, and When It Might Happen.