Last week’s activity in the silver market suggests significant buying will bolster prices. After an opening quote of $17.84 on Monday, silver buying during the day resulted in a close of $17.88. Aftermarket activity brought a Tuesday opening price of silver of $17.95. What seemed to be psychological resistance kept the price fluctuating with light… Read more »
A trade last June of 1.8 million ounces of gold instantly drove down the global price for the yellow metal. The next day a purchase of 815,000 ounces recouped most of those losses, and raised speculation of a “fat finger” trade. 1 This incident followed news of a trade in the silver market that also indicated a… Read more »
The World Gold Council reported on significant trends in the gold market during Q1 2017. The numbers collected and analyzed by this leading industry organization indicate that many of the more savvy investors are continuing to build strategic positions in the yellow metal. Specifically, they indicate that demand for gold bullion bars and coins rose more than… Read more »
The silver market opened at $17.21 on Monday morning, and strong buying moved the price of silver to $17.50 by the close. Another dime was added to this position in continued aftermarket action for a Tuesday opening of $17.60 before some profit taking finally consolidated around a close for the day of $17.42. Wednesday’s trading stayed in… Read more »
Buying momentum in aftermarkets took the opening price of gold on Monday to $1,298.74. Within an hour the bids surpassed the psychologically important $1,300 barrier, and the gold price chart indicates they stayed above that point for the remainder of the week. Tuesday’s initial bid was chalked up at $1,321.24, and support for the yellow… Read more »
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