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.

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

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

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