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Gold $3,884.69 $22.07 0.57% Silver $47.50 $0.33 0.7% Platinum $1,589.12 $28.81 1.85% Palladium $1,264.55 $(1.52) -0.12%

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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