• Gold: 1,240.98 -0.59
  • Silver: 15.77 -0.04
  • Euro: 1.168 -0.000
  • USDX: 94.752 -0.078
  • Oil: 70.56 0.18

July 13: Gold and Silver Fall Over 1% on the Week

1 day 4 hours ago

Gold dropped $10.30 to $1236.80 at about 8AM EST before it rebounded in New York, but it still ended with a loss of 0.44%. Silver slipped to as low as $15.692 and ended with a loss of 0.88%.

June 25: Gold and Silver Edge Lower While Stocks Tumble

Gold chopped between $1264.50 and $1270.50 in Asia before it drifted back lower in London and New York, but it ended with a loss of just 0.35%. Silver slipped to as low as $16.27 and ended with a loss of 0.67%.

June 26: Gold and Silver Fall Again

Gold fell $10.90 to $1254.90 by a little after 8AM EST before it bounced back higher in New York, but it still ended with a loss of 0.55%. Silver slipped to as low as $16.148 and ended with a loss of 0.31%.

June 27: Gold and Silver Drop Further

Gold edged up to $1259.90 at about 8AM EST, but it then drifted back lower into the close and ended near its late session low of $1250.90 with a loss of 0.56%. Silver slipped to as low as $15.971 and ended with a loss of 1.53%.

June 28: Gold and Silver Fall A Fourth Day

Gold gained $2.40 to $1254.20 at about 9AM EST, but it then drifted back lower for most of the rest of trade and ended with a loss of 0.29%. Silver slipped to as low as $15.922 and ended with a loss of 0.31%.

June 29: Gold and Silver Fall Over 1% and 2% on the Week

Gold edged up to $1252.80 in Asia before it chopped back to $1248.60 in midmorning New York trade, but it then jumped to a new session high of $1255.60 at about 1PM EST and ended with a gain of 0.34%. Silver rose to as high as $16.155 and ended with a gain of 0.56%.

July 2: Gold and Silver Fall Roughly 1%

Gold fell throughout most of trade in New York and ended near its last-minute low of $1239.70 with a loss of 0.98%. Silver slipped to as low as $15.769 and ended with a loss of 1.49%.

July 3: Gold and Silver Gain Over 1%

Gold chopped near unchanged in Asia, but it then climbed steadily higher throughout trade in London and New York and ended near its noontime EST high of $1256.90 with a gain of 1.02%. Silver rose to as high as $16.037 and ended with a gain of 1.01%.

July 9: Gold and Silver Gain with Stocks

Gold gained $10.80 to $1265.90 in London before it drifted back lower in New York, but it still ended with a gain of 0.25%. Silver rose to as high as $16.212 and ended with a gain of 0.50%.

July 10: Gold and Silver Edge Lower

Gold fell $10.80 to $1247.40 in London before it bounced back higher in New York, but it still ended with a loss of 0.21%. Silver slipped to as low as $15.905 and ended with a loss of 0.31%.

July 11: Gold and Silver Fall Over 1% as Dollar Jumps

Gold dropped throughout most of world trade and ended near its last-minute low of $1242.00 with a loss of 1.06%. Silver slipped to as low as $15.78 and ended with a loss of 1.62%.

July 12: Gold and Silver Gain with Stocks

Gold gained $6.30 to $1248.50 by midday in New York before it chopped back lower into the close, but it still ended with a gain of 0.39%. Silver rose to as high as $15.989 and ended with a gain of 0.89%.

July 13: Gold and Silver Fall Over 1% on the Week

Gold dropped $10.30 to $1236.80 at about 8AM EST before it rebounded in New York, but it still ended with a loss of 0.44%. Silver slipped to as low as $15.692 and ended with a loss of 0.88%.

June 27: Gold and Silver Drop Further

Gold edged up to $1259.90 at about 8AM EST, but it then drifted back lower into the close and ended near its late session low of $1250.90 with a loss of 0.56%. Silver slipped to as low as $15.971 and ended with a loss of 1.53%.

June 28: Gold and Silver Fall A Fourth Day

Gold gained $2.40 to $1254.20 at about 9AM EST, but it then drifted back lower for most of the rest of trade and ended with a loss of 0.29%. Silver slipped to as low as $15.922 and ended with a loss of 0.31%.

Can silver rally without gold?

The article titled “Silver’s Critical Role In Electrification May Fuel Its Rise” contains some interesting comments about the silver market, but with one minor exception the information presented in this article has no bearing on silver’s risk/reward as a speculation or investment. The minor exception is the high (by historical standards) gold/silver ratio, which suggests that the silver price is likely to rise relative to the gold price over the next few years. However, none of the information about silver ‘fundamentals’ presented in the article is relevant to the silver price.

June 29: Gold and Silver Fall Over 1% and 2% on the Week

Gold edged up to $1252.80 in Asia before it chopped back to $1248.60 in midmorning New York trade, but it then jumped to a new session high of $1255.60 at about 1PM EST and ended with a gain of 0.34%. Silver rose to as high as $16.155 and ended with a gain of 0.56%.

Silver Bull Market Is Almost Here

If the comparison to the 1980s pattern is justified, and the current pattern continues in a similar fashion, then silver will go into a long bear market. If the current fractals diverge from the 1983 fractals by going higher than the point 5 price-level, then the bull market will resume with vigour. In the short-term for a bull market scenario, the price needs to clear the top line of the flag or pennant-type pattern that has formed since point 5, and avoid dropping below the bottom red line.

July 2: Gold and Silver Fall Roughly 1%

Gold fell throughout most of trade in New York and ended near its last-minute low of $1239.70 with a loss of 0.98%. Silver slipped to as low as $15.769 and ended with a loss of 1.49%.

July 3: Gold and Silver Gain Over 1%

Gold chopped near unchanged in Asia, but it then climbed steadily higher throughout trade in London and New York and ended near its noontime EST high of $1256.90 with a gain of 1.02%. Silver rose to as high as $16.037 and ended with a gain of 1.01%.

July 9: Gold and Silver Gain with Stocks

Gold gained $10.80 to $1265.90 in London before it drifted back lower in New York, but it still ended with a gain of 0.25%. Silver rose to as high as $16.212 and ended with a gain of 0.50%.

July 10: Gold and Silver Edge Lower

Gold fell $10.80 to $1247.40 in London before it bounced back higher in New York, but it still ended with a loss of 0.21%. Silver slipped to as low as $15.905 and ended with a loss of 0.31%.

July 11: Gold and Silver Fall Over 1% as Dollar Jumps

Gold dropped throughout most of world trade and ended near its last-minute low of $1242.00 with a loss of 1.06%. Silver slipped to as low as $15.78 and ended with a loss of 1.62%.

July 12: Gold and Silver Gain with Stocks

Gold gained $6.30 to $1248.50 by midday in New York before it chopped back lower into the close, but it still ended with a gain of 0.39%. Silver rose to as high as $15.989 and ended with a gain of 0.89%.

July 13: Gold and Silver Fall Over 1% on the Week

Gold dropped $10.30 to $1236.80 at about 8AM EST before it rebounded in New York, but it still ended with a loss of 0.44%. Silver slipped to as low as $15.692 and ended with a loss of 0.88%.