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Friday, December 15, 2023

Price Gains For Gold and Silver

Above, 2023 Canadian Silver Maple Leaf coins. Photo by Armand Vaquer.

Silver's spot price has risen to above $24.00/toz. Gold has also seen gains this morning.

According to Kitco News:

(Kitco News) - Gold and silver prices are higher in early U.S. trading Friday. The gold and silver market bulls are still glowing in the aftermath of Wednesday's surprisingly dovish U.S. monetary policy stance by the Federal Reserve. The near-term technical postures for gold and silver have also become more bullish this week, inviting the chart-based speculators to the long sides. February gold was last up $13.10 at $2,058.00. March silver was last up $0.169 at $24.555.

Asian and European stock markets were mostly higher overnight. U.S. stock index futures are set to open modestly higher when the New York day session begins. The indexes are near this week's contract highs and highs for the year. The Dow Jones Industrial Average set a record high Thursday.

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