David Fuller's view

Royal Dutch Shell B is currently short-term overextended and at initial resistance but it would have to break beneath the rising 200-day MA to indicate more than a temporary reaction and consolidation before higher levels are seen.

Rio Tinto is recovering once again following further support building just below 2000p.  It would have to close beneath that level to question scope for a further rally to at least initial resistance at 2500p.

BlackRock World Mining Trust has resumed its recovery and would need to break back beneath the MA to delay further gains towards the next area of potential resistance between approximately 285p and 335p. BRWM currently trades at a discount to NAV of 11.38%, according to Bloomberg.

Gold bullion has extended its ranging recovery through previous resistance and would need to close beneath $1200 to question higher scope.

Silver has resumed its ranging recovery and while some consolidation of the last four week’s gains is possible, a break beneath the last low near $15.80 would be required to question the overall upward trend. 

Platinum has steadied once again and would need a close beneath $950 to significantly delay a retest of $1100.  Interestingly, Platinum is currently trading over $300 below the price of Gold.  This is because it is regarded primarily as an industrial metal, with demand from the automobile industry in decline.  This is true but people are overlooking Platinum’s history as a precious metal over centuries, and its historic record of trading mostly at a premium to gold due to its comparative scarcity.