The latter $1,680 figure is seen as something of a lower resistance level, which proved to be the case on this occasion, with gold bouncing back quite substantially in the final two weekdays leading up to the Good Friday holiday.
Silver is probably the most contentious of the precious metals, in terms of price forecasting.
The past week’s action in the gold price has been largely fueled by analysis of the deliberations at last Tuesday’s and Wednesday’s Federal Reserve Open Market Committee (FOMC) meeting.
$1.9 trillion into the U.S. economy could, in theory, find its way into the equities and precious metals markets, giving them both a boost.
Now in its fourth decade, the Silver American Eagle Proof program is one of the most celebrated and popular coin series offered by the modern United States Mint.
The coins will be available for purchase in each of the four individual sizes or as a four-piece set.
There has been a huge amount of media attention given to a possible short squeeze developing in the silver futures market.
Go back a few years and you’ll remember that the gold price plunged, in part due to a massive outflow of gold from the gold-backed ETFs.
Equities markets have been booming, as have metal commodities prices, as virus-related measures look as though they may be coming to an end.
Is this situation sustainable and how do the advances compare with other bull markets in the past?