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Thursday, March 28, 2024

Silver Surges 20% In Dollars and 28% In Sterling In June

Courtesy of ZeroHedge. View original post here.

Silver has surged another 2.7% higher this morning to $19.23/oz. This after yesterday’s 3% surge when silver flew through resistance at the $18 level to close at $18.26/oz. Silver is 20% higher in dollar terms in June. Silver has surged by similar amounts in euros and by 28% in beleaguered sterling in the month.

Silver in USD – 10 Years

The rally for silver yesterday and today was more impressive than gold’s and saw prices at their highest since mid-September of 2014. Silver has now surged 20% in a month and the next level of resistance is $21.40/oz which silver touched in July 2014.

“Silver looks very bullish now and our clients are allocating to it in a big way,” we told Dow Jones Marketwatch (see below). “Silver is like gold on steroids when it gets going due to the very small size of the physical silver market versus stock, bond and even the gold market.”

Gold and Silver News

Gold settles near 2-year high; silver soars nearly 3% (Marketwatch)

“Silver looks very bullish now and our clients are allocating to it in a big way” (Marketwatch)

Biggest Gold ETF Tops Record as Angst Drives Inflows: Chart (Bloomberg)

Forget December. Forget Next Year. The Fed’s Done Hiking Until 2018 (Bloomberg)

Silver Surges To Post-Brexit Highs (Zero Hedge)

The Italians Need Some Gold! (Investor Intel)

Gold sending a dark sign that ‘almost everything has changed’ in market (Yahoo Finance)

Calm descends on markets – but for how long? (Money Week)

Read More Here

Gold Prices (LBMA AM)

30 June: USD 1,317.00, EUR 1,183.59 & GBP 976.82 per ounce

29 June: USD 1,318.00, EUR 1,191.64 & GBP 984.36 per ounce

28 June: USD 1,312.00, EUR 1,185.79 & GBP 985.84 per ounce

27 June: USD 1,324.60, EUR 1,200.49 & GBP 996.36 per ounce

24 June: USD 1,313.85, EUR 1,181.28 & GBP 945.58 per ounce

23 June: USD 1,265.75, EUR 1,112.22 & GBP 850.96 per ounce

22 June: USD 1,265.00, EUR 1,122.31 & GBP 862.98 per ounce

Silver Prices (LBMA)

30 June: USD 18.36, EUR 16.48 & GBP 13.61 per ounce

29 June: USD 18.21, EUR 16.42 & GBP 13.55 per ounce

28 June: USD 17.57, EUR 15.84 & GBP 13.17 per ounce

27 June: USD 17.70, EUR 16.06 & GBP 13.40 per ounce

24 June: USD 18.04, EUR 16.32 & GBP 13.18 per ounce

23 June: USD 17.29, EUR 15.16 & GBP 11.61 per ounce

22 June: USD 17.20, EUR 15.23 & GBP 11.72 per ounce

Recent Market Updates

– BREXIT Creates EU Contagion Risk – Ramifications for Investors, Savers and Companies In Ireland

– BREXIT Day – Markets Becalmed – Gold Panic Prelude – Trading Hours

– Gold Lower Despite “Panic” Due To “Supply Issues” In Inter Bank Gold Market

– Gold Slips Despite UK Gold Demand Surging – Investors “Seek Stability”

– Gold Prices Surge to Highest in Nearly Two Years On FED and Brexit Haven Demand

- Gold Bullion Has Little Downside, Brexit Or Not, Says HSBC

– Central Bank of Ireland Warns Risks are Debt, Brexit, Geopolitical Tensions and Migration

– Gold In Euros Surges 6.5% In June and 17% YTD On BREXIT Concerns

- Soros Buying Gold On BREXIT, EU “Collapse” Risk

UK Gold Demand Rises On BREXIT “Nerves”

– Pensions Timebomb in “Slow Motion Detonation” In UK, EU, U.S.

– Silver – Perfect Storm Brewing in the Market

– Martin Wolf: There Will Be Another “Huge” Financial Crisis



www.GoldCore.com

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