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Gold and silver price dropped lower to begin the past week. Contract gold for June delivery finished off the session lower by 6.00 at 1468.10 and May contract silver finished off just over break even for the session by .004 at 40.61 per troy ounce. Spot gold and spot silver prices continued to spiral downward during the interval between Monday’s close and Tuesday session open. Tuesday, contract gold and silver continued to move lower. June contract gold ended the session red by 14.50 to finish the day at 1453.60 per troy ounce. May contract silver ended the day with a floor price lower by .55 at 40.70 per troy ounce. During the interval between Tuesday session close and Wednesday session open, spot gold and spot silver prices continued to trend in the red. On Wednesday, June contract gold moved higher by .14 percent at 1455.60 a troy ounce. May contract silver finished higher by .43 percent to finished the session at 40.24 an ounce. During the interval between Wednesday’s session close and Thursday morning’s session open, spot gold and spot silver price per ounce values were trending upward. On Thursday, June contract gold ended the session by posting a floor price higher on the day by 16.80 to 1472.40. Silver for May contract delivery posted a higher floor price by 1.43 to 41.66 per troy ounce. During the interval between Thursday’s trading session close and Friday’s session open, spot gold and spot silver were tracking in positive territory. On Friday, Gold and silver contract finished the day higher as well. June contract gold finished the day higher by 13.60 to close at $1486. May contract silver finished the day higher by .907 to close at $42.57 a troy ounce. Author: Camillo Zucari
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