Wild Day In Precious Metals Leaves Prices Higher After Late-Day Recovery
.webp)
Photo by Zlaťáky.cz on Unsplash
We’re having another volatile day in the gold and silver markets, although this time, after a sharp early morning sell-off, both gold and silver have rallied higher throughout the afternoon.
The gold futures continued yesterday’s sell-off into the morning session, and briefly dipped below $4,000 per ounce before rebounding almost $80 higher to $4,077.
It was a similar story in silver, where the price got as low as $49.12 in the early morning hours, before rebounding $1.80 higher to its current level of $50.93.
The spot price is about 15 cents higher right now, which means the futures remain in backwardation.
More By This Author:
Is LBMA Silver Crisis Over? Or Just Delayed?Silver Futures Set New All-Time Record High, Then Fall By $2
Silver Flows Back To London, But Was It Enough...
How did you like this article? Let us know so we can better customize your reading experience.
Comments
Leave a comment to automatically be entered into
our contest to win a free Echo Show.
