Gold and silver contracts finished the most recent trading session mixed. Gold
price per ounce rates were green while silver price per ounce rates were red.
December delivery gold closed out higher by .80 at 1654 per troy ounce. Silver
contract for December delivery closed out lower by .10 at 31.91 per troy ounce.
Both precious metal gold and silver contracts remain negative over the course of
the last 30 days. Silver, to a much greater degree. Prior to opening bell this
morning, the price of spot gold per gram and the price of spot silver per ounce
were trending in positive territory. Spot gold price per gram was green by .47
at 53.07 and the price of spot silver per ounce was green by .66 at 31.65.
Investors had the weekend to process the additional downgrades pertaining to the
sovereign debt in Italy and Spain. The euro dropped versus the dollar but the
safe haven appeal of precious metal gold and silver could be on the rise. A
solid silver miner, Silvercorp, finished the last trading session in the green
according to MSN Money stock quotes. Silvercorp Metal Inc. closed out in the
green on the NYSE last session. SVM closed out higher by 3.10 percent or plus
.26 at 8.66. Silvercorp bucks recent trends and closes out above breakeven for
the day. Camillo Zucari
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