The Silver Price rallied to $38.00 at Monday's London Fix – rising over 11% from Friday lunchtime's Fix – before also slipping back to trade 26% below late April's 3-decade record.
Silver Bullion rallied from a drop below $34 per ounce, the fifth daily plunge running and some 31% below last Thursday's new three-decade high. Dollar prices to Buy Gold whipped in a $10 range Friday morning in London, trading up to $1488 per ounce - some 5.5% below Monday's record-high spike- as European equities and global commodities stemmed their losses.
Commodity prices fell once again, and Silver Bullion sank for the fourth day in succession, losing 22.5% against the Dollar since Thursday last week - the sharpest plunge since April 1987.
U.S. stocks declined in early trade on Wednesday as weaker-than-expected ADP private sector employment report and mixed corporate earnings weighed.
Record high gold prices have fuelled investment in gold mining and exploration around the world. This is particularly true in the case of the Yukon region which is home to some of the largest gold miners.
Futures on major U.S. indices point to a lower opening on Wednesday, ahead of economic data including ADP national employment report and ISM non-manufacturing index.
Gold prices hit new all-time Dollar highs at the AM London Fix on Tuesday, but silver traded near a two-week low as world stock markets slipped and commodity prices fell hard.
The Bank of America Merrill Lynch said in a report that there was strong possibility of silver hitting $80 an ounce, causing ripples in the silver stock and ETF markets.
Even as silver prices are hovering near their all-time record high, there are some investors who ardently believe prices will continue to go upward. And then, there are people who think it's realistically possible that silver will breach an unbelievable $100 an ounce!
The take away from Bernanke's comments yesterday should allay any fears that the Federal Reserve will be lifting interest rates any time soon.
Prices to Buy Gold rose but silver held flat in Asian and London trade on Wednesday, while the Dollar fell, European equities rose, but peripheral Eurozone debt sank to new record lows.
Gold prices shot up to a new record of $1,512.50 an ounce in New York late on Friday, posting a record weekly gain and maintaining a six-week winning streak. What the gold rally means to the dollar and the American people is obvious from the rush pawn shops see across the United States.
Silver Prices extended their Dollar gains to 7.7% for this week alone, also reaching new multi-decade and all-time highs vs. the world's other major currencies.
Gold prices soared above $1,500 an ounce on Wednesday, setting a new all-time record, even as the precious metal sustained a superb run banking on its value as the preferred safe haven investment in uncertain times.
The CURRENT SURGE in silver prices worldwide might seem dramatic, but it's more measured - so far, at least - than the true silver bubble that went Bang! in Jan. 1980. Even so, you might as well call this a record price.
Spot Gold jumped to a new all-time high of $1489 per ounce in Asian trade Monday, edging lower as the Dollar rose on the currency market and global equities began the Easter-shortened week with a 0.5% drop.
Gold stayed above $1480 per ounce in Asian and European trading, and then experienced a sudden spike $15 upwards to new record prices yet again at the beginning of the New York trading session. Prices take support from worries over euro zone debt and inflation in Asia after China opted to raise reserve requirements again.
Gold jumps to new record highs over $1480 US dollar per ounce on Friday as Asian demand is unstoppable. Silver is holding near its earlier 31-year high at $42.64.
Prices to Buy Silver and gold jumped at the start of Asian trade on Friday, hitting new 31-year and all-time Dollar records respectively, as Beijing reported a surge in China's growth and inflation rates.
Price of gold will exceed $1600 a troy ounce before year-end on strong growth in investment demand, according to the precious metals research consultancy firm GFMS.
Gold and [platinum-group metals] were irrelevant, according to one Asian dealer, as The silver market went nuts, with swift buying pushing spot silver prices to a fresh 31-year high above $42 per ounce.
U.S. stocks fell modestly Friday as investors exercised caution ahead of the potential shutdown of the federal government and the start of U.S. companies' first-quarter earnings reports.