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Gold $2,322.42 $0.92 0.04% Silver $29.56 $0.03 0.1% Platinum $996.17 $2.7 0.27% Palladium $963.38 $17.75 1.88%

Zaner Daily Precious Metals Commentary

Zaner Daily Precious Metals Commentary

While there was continued divergence between gold and silver yesterday, gold was able to hold its ground in positive territory and finished Thursday with a mild gain.

In contrast, silver was the weaker market as it closed with a heavy loss. The declines in silver were outsized and were likely the result of profit-taking by aggressive Asian buyers over the prior two weeks.

It should be noted that Chinese silver prices reached a significant premium to spot prices recently resulting in Chinese buying international silver and reducing their risk to the weakness in their currency...[MORE]

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