On the week, gold was up 1.1%, silver was weak but rebounded and closed up 0.1%...Silver needs to get over $32 and especially over $34 to think of new highs above $35.
Despite gold rising this past week, silver prices softened, losing 0.5%. Still, with being only slightly over two weeks into the new year, silver is up 6.5% vs. gold up 4.1%.
So how did markets perform in 2024? Commodities were decidedly mixed. Natural gas (NG) was the big winner for 2024, with gold +27.5%, silver +21.4%, copper +3.5%, and oil +0.1%.
