• Price Change UP Icon Gold $2,232.00 +42.00
  • Price Change UP Icon Silver $24.94 +0.38
  • Price Change UP Icon Platinum $915.00 +11.00
  • Price Change UP Icon Palladium $1,025.00 +24.00
Silver Market Analysis
August 9, 2023

Will 2014 present bullish conditions for Gold/Silver bullion?

The Wall Street Journal, by Tatyana Shumsky in
Share On Social Media
silver coins and silver bars

‘Gold futures closed in on a four-month high, while silver grew 1.1%, as geopolitical instability in Ukraine and Thailand reinvigorated investor interest in haven assets.

Gold prices have climbed 11% since the start of the year after a series of unforeseen upheavals in emerging markets prompted some investors to stock up on haven assets.  Precious metals like gold and silver are perceived by some traders as a hedge against political and economic instability because they act as currency alternatives without ties to a particular government.  This popularity is a shift from last year, when both gold and silver suffered double-digit declines as a brighter outlook on global economic growth lured many investors into riskier sectors like stocks.

On Sunday, the U.S. and European Union coordinated to arrange a financial bailout for the country, inviting Russia to join the effort.

‘That’s exactly the types of discussions that support demand for gold,’ said Dave Meger, director of metals trading with Vision Financial Markets LLC., a futures brokerage in Chicago.

Both gold and silver traded at their highest level since Oct. 31, with gold touching an intraday high of $1,337.10 an ounce while silver traded as high as $22.180.”

*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.

Get Your Free Report
A Rising Storm
All form fields are required *
Thank You

Want your kit sooner?

Faster delivery
is available by phone.

800-444-8317

Download Your Report

Enter your phone number to be connected to a Monex Account Representative.

Thank You
Want your kit sooner?

Faster delivery is

available by phone.

800-444-8317
All form fields are required *
Embed Spot Prices!
Copy and Paste below code into your HEAD tag / before end tag of body to embed chart.
Copy and paste code below wherever you want your chart displayed.
Copied to clipboard
Embed This Chart!
Copy and Paste below code into your HEAD tag / before end tag of body to embed chart.
Copy and paste code below wherever you want your chart displayed.
Copied to clipboard
FREE REPORT OFFER
A Rising Storm
Thank You
Please check your email for a confirmation link and Free Report!
I agree to receive news and promotional material from this website and understand I can cancel at any time. Privacy Policy