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dow2664 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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