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Gold $3,323.94 Silver $37.68 $(0.41) -1.07% Platinum $1,350.96 $(4.42) -0.33% Palladium $1,187.75 $(2.21) -0.19%

Zaner Daily Precious Metals Commentary

Zaner Daily Precious Metals Commentary

With an overnight explosion in prices, gold reached a new all-time high while silver posted explosive gains and the highest price since February 2013!

With the battle heating up in Gaza, a slight shift in the US Fed policy pendulum in favor of the doves last week, and a strong close last week on rising open interest should leave gold in a position to forge even higher all-time highs.

However, the silver market could become the sleeper market as a cheap gold substitute, especially with a surprise upside extension overnight, given silver is significantly cheaper than gold, and with silver still well below all-time high levels above $50 from decades ago...[MORE]

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