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 Mondays 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 Wednesdays session close and Thursday mornings
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 Thursdays trading session close and Fridays 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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