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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 day’s high was 36.07 per ounce and the day’s 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 Friday’s session as prices fell to a point that were considered a bargain-buy by many. Prior to opening bell for today’s 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. Today’s 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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