Todays 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 yesterdays close and todays 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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