Metal trends were back and forth last week as gold and silver price per ounce
rates closed their respective sessions with positive price per ounce rates,
negative price per ounce rates and values in between. It was choppy in the
market and commodities in general experienced a relative decline until the
latter half of the last week of trading in the United States. The last session
in the U.S. ended with silver price per ounce rates finding green and gold
contract price per ounce rates dipping into the red. Silver though, had been
trending lower earlier in the week and has been more volatile than gold over the
last several weeks. Generally, silver is a smaller market than gold. It is often
more susceptible in moderate changes in the market and is thus more likely to
fluctuate more turbulently compared to gold price trends. Analysts are beginning
to speculate that the metal liquidation that has caused the metal prices to
fluctuate inconsistently over the last couple of weeks could be winding down.
This could mean more stable trending to come for Gold and silver. Recent spot
gold and spot silver trends that posted after the last open trading session
close in the U.S. revealed that spot gold price per gram was lower by .38 at
48.06 and spot gold price per kilo was red by 380.99 at 48057.33. Spot silver
per ounce was green by .58 at 35.37 and spot silver per kilo was green by 18.49
at 1137.11. Author: Camillo Zucari
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