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Gold $4,186.09 $(45.42) -1.07% Silver $57.61 $(0.36) -0.62% Platinum $1,632.08 $(29.6) -1.78% Palladium $1,456.75 $39.24 2.77%

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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