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Gold $3,301.04 $25.53 0.78% Silver $36.60 $(0.54) -1.45% Platinum $1,303.40 $(15.41) -1.17% Palladium $1,201.95 $(23.29) -1.9%

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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