Gold and Silver started the week (and month) on a positive foot but lost ground during the week. The latter hit a five-week low around the $25 USD level as gold sunk below $1700 USD for the first time since June last year. Here’s a detailed look at how the two precious metals performed: Monday 01st Gold unsuccessfully tried to bounce back from its dip at the end of last week, settling at $1724.94 USD ($2251.46 AUD). Silver attempted a push for $27 USD but lacked enough momentum, instead dropping to $26.53 USD ($34.63 AUD) as the first session of the week came to an end. Tuesday 02nd Silver man ..read more

The two precious metals had another bad week with gold seeing the second month of losses. The yellow metal fell below $1740 USD after shedding 4.2% by Friday. Gold has now given up almost $200 since the start of the year. The Silver market assumed a similar path, losing more than 5% by the end of the week. Monday 22nd The metals both recorded substantial gains on last week Friday’s price. Gold managed to break above $1800 perching a week high of $1,811.06 USD ($2,335.59 AUD). Silver pushed above the $28 level, settling at $28.23 USD ($36.41 AUD). Tuesday 23rd Monday’s brilliant start didn’t la ..read more

Silver outperformed gold once again as the latter faced a lot of pressure in its recovery path. Metal traders gave gold the cold shoulder and focused their attention on silver that made headlines. A positive move in Gold prices remained a rarity throughout the week, making the yellow metal retreat to the market’s back seat. Monday 15th Gold endured a dull trading session on Monday, exchanging hands at $1,818.82 USD ($2,297.53 AUD) – a price figure it neither touched again nor surpassed for the rest of the week. Silver broke above the resistance at $27.50 and tried pushing for $27.75, eventuall ..read more

After a bright start to the week, the precious metals went on to record gains on two consecutive days. The metals lost ground on Thursday, seeing the most significant declines of the week.  Only silver bounced back as the week came to an end. Monday 8th Gold was trading at $1,829.87 USD ($2,367.95 AUD), up 0.87% from its closing price on Friday. Silver was also trading on the positive end of its last price, hitting a high close to $30 USD before retreating to $27.26 USD ($35.28 AUD). Tuesday 9th A brief halt in the US stock market provided support for both metals that enjoyed gains. Gold ..read more

Silver was the headline of the week with its markets all over the place as retailer traders tried to pull a ‘short squeeze.’ The markets remained out of control for the larger part of the week, with traders looking to find stability at the $30 level. Gold, on the other hand, dipped at the beginning of the week and struggled to break above the $1850 level for the rest of the week. The metal collapsed on Tuesday and remained slumped until Friday, when it posted a slight recovery. The lack of a fresh directional catalyst meant it could not replicate its Monday price figures. Monday 1st The precio ..read more

It was a busy week for the metal market. The week’s standout events were the Federal Reserve’s two-day Open Market Committee (FOMC) meeting and the Robinhood-GameStop frenzy that turned into a crisis. The former ended with a statement from the Fed Chairman Powell that affected the markets on Wednesday. Here is the summary: Monday 25th The precious metals had a steady trading session on Monday with no major price action. Gold traded at $1,855.38 USD ($2,425.77 AUD) as Silver hovered around $25.33 USD ($33.12 AUD). Tuesday 26th The Federal Reserve’s Open Market Committee meeting kicked on Tuesda ..read more

The haven metals had, yet again, another dramatic week. Both metals recorded heavy dips as the week came to an end, wiping away early gains. The Friday slump came as sell-off pressure among investors intensified. Here is the summary: Monday 18th The metals had a fairly bright start to the week following a massive descent from the previous week. Gold traded at $1,836.28 USD ($2,387.85 AUD) at the close of trading, with silver finding stability at $24.96 USD ($32.46 AUD). Tuesday 19th The upcoming inauguration for President-elect Joe Biden did little to change the tides in the metals market. Gol ..read more

The precious metals had a mixed performance that saw them dip ahead of the weekend. Gold traded near the $1850 level seeing the only significant change on the last day of the week. Silver stayed above the $25 level for the most part but couldn’t cut above $26. Overall, it was a dull week for most market players, more so short-term minded traders. Summary Monday 11th Gold started off trading at $1,848.07 USD ($2,381.46 AUD) on the first session of the week. Meanwhile, silver exchanged hands at $25.11 USD ($32.36 AUD). Tuesday 12th Gold and silver markets showed some upward momentum, with the fo ..read more

Gold and silver had a very bright start rallying on the first two days of the week. However, the precious metals. Both metals recorded their highest prices of the week on Tuesday before plummeting on the subsequent days. Gold sank to a three week low whereas silver saw a two-week low. Monday 4th The precious metal markets had explosive trading sessions on Monday with gold shooting up to $1944.28 USD ($2522.75 AUD). Silver eclipsed $27 settling at $27.26 USD ($35.37 AUD). Tuesday 5th Successive gains saw the metal prices advance. Gold transcended the $1950 level to trade at $1951.35 USD ($2531 ..read more

The precious metals posted fair performance in the last week of 2020. The most inspiring trading session happened on Wednesday as both metals recorded relatively significant gains.  The silver market particularly spiked investor interest as silver nearly got to $27 heading into 2021. Main Street analysts believe it is the metal to keep tabs on this year. Monday 28th Silver started highly, exchanging hands at $26.37 USD ($34.26 AUD) on the first day of the last week of 2020. Gold, on the other hand, settled at $1,875.27 USD ($2,436.5 AUD) at the close of trading. Tuesday 29th Gold slowly g ..read more