Gold and silver price trends finished on the stronger side of break-even on the
last trading session. Contract gold for December delivery was stronger by 1.54
percent at 1601.50 per troy ounce. Contract silver finished the last session
stronger by 1.56 percent at 29.73 per troy ounce. The five day review of
contract gold price trends is negative however as is the price trend-line for
contract silver during this time frame. Gold and silver acquisitions have been
weak as the euro has struggled versus other global currencies recently. Over the
course of the last week, the dollar improved overall versus the euro. During the
final trading session, the euro bumped higher which helped precious metal gold
and silver positioning. Precious metals rallied on Friday as the Philadelphia
Gold and Silver Index climbed the ladder by just over 1 percent. The session was
but one glimmer of improvement compared to a noteworthy negative stretch for the
gold and silver index. Prior to opening bell this morning, spot gold price per
gram and spot silver price per ounce trends were posting mixed. Spot gold price
per gram was higher at 51.44, but spot silver price per ounce was relative
flat-line at 29.61. Camillo Zucari
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