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Today’s spot gold and spot silver prices were trending lower prior to opening bell this morning. Today’s contract gold and contract silver prices continued to post red through the first half of the day’s trading session. The major index composites were mixed at the halfway point and the dollar was gaining strength versus the euro and the British pound. Gold prices were negative through the first half of the session today but silver was under significant pressure. Investores are worried and feel pressure which stems from the recent order changes initiated by the CME. This caused the major slide observed with Silver today. At the halfway point in today’s trading session, silver contract for May delivery was posting a floor price negative by 6.71 percent at 43.22 an ounce. Gold contract was red by .79 percent at 1544.80 an ounce. As end of day close approached, the major indices in the U.S. were in the red. The Dow Jones dropped 2 points lower. Gold for June delivery finished lower by 16.70 at 1540.40 per troy ounce. Silver contract for May delivery ended the day lower by 3.49 at 42.58 an ounce. There was no rally for gold and silver prices this day. Spot gold and spot silver prices were both trending in a negative direction after closing bell today. Author: Camillo Zucari
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