Gold & Silverbeta

December 11, 2012

The definitive group for discussing all things related to the precious metals

A resourceful community for those who hold, plan to purchase, or are helplessly infatuated with gold & silver

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By davefairtex on Tue, May 3, 2016 - 3:48am

PM Daily Market Commentary - 5/2/2016

Gold fell -1.50 to 1293.40 on heavy volume, while silver dropped -0.31 to 17.58 on moderately heavy volume.  Both metals made new highs at around 08:00 Eastern, but then encountered heavy selling, which ended up wiping out the gains in gold and driving silver deep into the red.  This was even more dramatic considering that it was a fairly heavy down day for the buck.

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