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Gold $3,628.92 $(11.58) -0.32% Silver $41.05 $(0.08) -0.19% Platinum $1,379.45 $(11.35) -0.82% Palladium $1,174.66 $(4.59) -0.39%

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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