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 Sat, Mar 17, 2018 - 6:12am

PM End of Week Market Commentary - 3/16/2018

On Friday gold fell -2.30 [-0.17%] to 1313.90 on moderate volume, while silver dropped -0.05 [-0.34%] to 16.34 on moderate volume also. The buck rose +0.12%.  From the PM perspective, Friday was relatively uneventful.

This week the PM sector map was negative, with silver leading gold lower, although the miners were in the middle of the pack rather than leading the sector down. All items except palladium are back below the 9 and 50 MA. The metals are in a pretty clear downtrend right now. The moves down weren't large, but they were negative across the board.

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