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

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

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

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

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

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

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