Market update
What happened
Wheaton Precious Metals Corp (WPM) closed the week ended Aug. 7 at 134.20 USD, up 23.1% in the weekly price path over 52 weeks. The move lifted the four-week return to 21.9%, while the twelve-week return was a more modest 3.1%.
Turnover reached 12.8 million shares, above the 13-week average of 9.5 million, adding participation to the advance. The trend state remained inactive, while Market Dynamics showed -0.93 pressure and Relative Strength stood at -0.5, leaving confirmation uneven.