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Today’s gold and silver price trending will have to work hard to end the week on a positive note. It has been a struggle for gold and silver prices this week as recent changes in the amount of cash money that investors will now have to utilize to purchase silver per ounce just increased. The new rate increase will take effect on Monday and gold and silver price trends this week are being pushed in a negative direction due, in part, to this news. Silver dropped significantly lower and gold followed suit to a lesser extent as the last trading session in the United States wore on. Gold and silver contract ended the last trading session in the red. Gold for June delivery ended the session lower by 33.90 at 1481.40 per troy ounce. Silver contract for July delivery moved lower yesterday by 3.148 to end the day with a floor price at 36.24 an ounce. Spot gold and spot silver were trending in a negative direction during the interval between yesterday’s close and today’s open. Prior to opening bell for the day, Spot gold per gram was negative by .83 percent at 47.87 and spot gold per kilo was red by 831.74 at 47873.43. Spot silver per kilo was lower by 127.34 at 1138.85 and spot silver per ounce was red by 3.96 at 35.42. Author: Camillo Zucari
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