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Gold $4,326.13 $(3.5) -0.08% Silver $68.10 $(0.05) -0.07% Platinum $1,756.10 $(2.87) -0.16% Palladium $1,216.65 $1.19 0.1%

Zaner Daily Precious Metals Commentary

Zaner Daily Precious Metals Commentary

With outside market forces of lower US rates and a weaker US dollar, both gold and silver started the Wednesday trade with a relatively strong bid.

In fact, as of this writing the dollar sat just above a downside breakout and a six-day low which could result in gold and silver adding to the early noted gains.

For a change, the silver market could take a leadership role with Fresnillo projecting 2024 silver production to be 7 million ounces below 2023. Unfortunately for the bull camp, Fresnillo also posted a 13% year-over-year increase in silver production for 2023...[MORE]

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