Gold price per ounce ended the last open trading session in the stock market
higher over silver, but silver was unable to recover during the last session and
finished in the red. Silver futures were negative by .98 percent on the day and
finished the session with a price per ounce of 35.89. The days high was 36.07
per ounce and the days low was 35.19 per ounce. Gold was influenced as well but
not to the extent that silver was. Silver price per ounce rates were under
pressure throughout the majority of the last session. Investors will keep a
close eye on trend line movement out of the gate today in hopes of seeing lines
move in a more positive direction. Investors began to buy back some of the
losses late during Fridays session as prices fell to a point that were
considered a bargain-buy by many. Prior to opening bell for todays trading
session, spot gold and spot silver were indicating that positive movement with
gold and silver prices was building. Spot gold per gram was trending green by
.16 at 48.10 and spot gold per kilo was green by 156.25 at 48099.45. Spot silver
per kilo was green by 21.41 at 1155.79 and spot silver per ounce was higher by
.67 at 35.95. Todays contract gold and contract silver price will be observed
closely and early to see if price per ounce trends follow suit. Author: Camillo
Zucari
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