Last week gold and silver didn't do much; Gold had a steady upward trend; silver increased every day except on Thursday. Despite the testimony of Bernanke from the previous week, the speculations continue to run high of the Fed announcing next week of another stimulus plan. The upcoming FOMC meeting could stir up the markets but I suspect it will eventually be just another storm in a teacup. In Europe many anticipate for the results of the Greek elections and how this round might affect Greece leaving the EU. This upcoming week there are several reports on the agenda that may affect bullion. The main events will revolve around Greek elections and the aftermath, FOMC meeting, U.S Philly Fed index, China's manufacturing PMI, G20 Meeting and U.S housing starts.

Gold rose during last week by 2.31%; Silver also increased on a weekly scale by 0.94%. Furthermore, during last week the SPDR Gold Shares (GLD) also rose by 2% and reached by June 15th 157.84.

The weekly outlook report (video) on Gold and Silver