It was a big week for gold, as prices for the yellow metal advanced toward new highs for the year. The gold market is putting in a 3.0% gain this week to trade at $1,345 an ounce.

Gold does face some formidable multi-year resistance in the $1,350 to $1,375 area. But if it can clear that hurdle and then blow through $1,400, it may be off to the races.

Turning to the white metals, silver has a lot more work to do get back on bullish technical footing. Silver’s price performance has lagged behind gold’s so severely that it trades at its biggest discount to gold in nearly 30 years. It could be a once-in-a-generation opportunity to buy silver on the cheap.

Silver prices currently come in at $15.10 an ounce after rising 3.1% since last Friday’s close. Platinum is up 1.3% this week to trade at $807. And finally, palladium is putting in a weekly gain of 2.8% to trade at $1,374 per ounce as of this Friday morning recording.

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