• +1 (312) 549-9986

Gold $3,813.90 $(19.21) -0.5% Silver $46.23 $(0.72) -1.53% Platinum $1,559.61 $(42.04) -2.63% Palladium $1,240.51 $(26.19) -2.07%

Zaner Daily Precious Metals Commentary

Zaner Daily Precious Metals Commentary

With the dollar posting a higher high overnight the lower low in the gold and silver markets was to be expected.

Yesterday gold ETF holdings declined for the eighth straight session with a rather substantial reduction of 176,980 ounces bringing the year-to-date change in holdings to -2.8%. Silver ETF holdings saw a third straight day of outflows with year-to-date holdings now down 2.6%.

In retrospect, the failure to see gold and silver benefit from the Fitch downgrade of US credit highlights a prevailing bearish sentiment in the precious metal markets...[MORE]

Please subscribe to receive the full report via email by clicking here.

Leave your comment