July 2016 is over as far as the metals markets are concerned, time to check on the charts.
Gold was pretty range bound after a great first half of 2016. Gold started the month in the 1340's and ended there too. Trend is still up but this is sideways chop.
Pretty much the same thing with silver, range bound.
I'd still be cautious here, but the up trend remains. For how long it remains, who knows.