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Friday, August 18, 2023

Precious Metals Rebound Except Gold

It appears that precious metals are rebounding, with the exception of gold.

From Coin News:

For the first time this week, precious metals did not decline collectively. Silver, platinum, and palladium all experienced gains, with the latter two rebounding from significant settlement lows. However, gold continued its downward trajectory for the ninth consecutive time, further contributing to its twelfth loss in thirteen sessions, and marking its weakest price in five months.

Snapping a four-session losing streak, silver for September tacked on 18 cents, equivalent to 0.8%, and ended at $22.715 an ounce. Throughout the day, silver futures fluctuated between $22.39 and $23.07, following losses of 0.5% on Wednesday, and 0.2% on both Monday and Tuesday. On Wednesday, silver marked its lowest close since June 23.

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