Gold Silver Market Review: Gold and silver prices have experienced up and down
trending this week. Both contracts fell into the red according to end of day
prices posting as of last session close. Gold Price Silver Price Floor price
Close Review: Contract gold for February delivery dropped lower through the last
session. Gold price trend-line dropped by 13.80 and gold contract closed at
1664.50 per troy ounce. March delivery silver finished the last session red.
Silver price trend-line dropped lower by .295 and silver contract posted a
closing floor price at 31.98 per troy ounce. Although both gold and silver
contract price trend-lines finished below break-even last session, price
trend-lines for both precious metals is decisively positive according to the one
month change analysis. Gold price is positive by 4.7 percent according to one
month change analysis at this point in time. Silver price is positive by
approximately 10.2 percent according to one month change analysis at this point.
Precious metals are on the rise over the course of 2012 so far and investors
fears relating to the global economic crisis are helping to support the positive
trends for the precious metals overall. This morning, spot gold and spot silver
price trends were posting trends in the red however. Spot gold price per gram
was recently lower by .27 at 53.25 and spot silver price per ounce was trending
lower by .12 at 31.85. Camillo Zucari
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