The bubble for todays gold and todays silver prices continues to fill with air
and many observers are waiting for the positively trending gold and silver
prices to hit a point and burst. Although many analysts are looking for the
correction, gold and silver price per ounce rates continue to move inflate. The
dollar has been struggling as of late and the inverse relationship that exists
between the dollars value and the trending value of gold and silver has been
helping to keep gold and silver aloft. Investors continue to diversify by
investing money with safe haven assets like Au ad Ag. Stocks are at 52 week
highs but gold and silver are keeping pace. Both gold and silver have recently
reached record highs. Gold prices have climbed for seven consecutive weeks and,
even though many are looking, the end does not appear to be imminent. Gold rose
to a record higher of 1548 an ounce on Friday. The consecutive days that gold
has closed above the 1500 mark continue to add up. Silver prices are trending
very near 50 an ounce as well. Contract gold for June and contract silver for
May closed out the last trading session well into the green but spot gold and
spot silver prices prior to opening bell for todays session reveal a bump in the
road. Spot silver price per ounce is posting lower by 3.55 at 45.03 an ounce and
spot silver price per kilo is lower by 114.26 at 1447.75. Spot gold per gram is
lower by .24 at 49.79 and spot gold per kilo is lower by 239.84 at 49786.72. As
we move into May today, spot gold and spot silver prices could be forecasting
more of what is to come. Investors will keep a close eye on todays gold and
silver market trends. Author: Camillo Zucari
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