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Gold price recovers over $20 and silver up nearly 3% after overnight plunge

Discussion in 'Gold Silver (All things Metal)' started by Goldhedge, Aug 9, 2017.



  1. Goldhedge

    Goldhedge Moderator Site Mgr Site Supporter

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    Gold price recovers over $20 and silver up nearly 3% after overnight plunge

    8:23 AM

    Gold prices were slammed down during early to mid-morning trading in Asia on Aug. 9 due to growing currency chaos resulting from the unrest over North Korea's potential for a viable nuclear ICBM. However, this decline in price not only recovered over the next 12 hours, but it in fact rose over $20 to settle around $1272 by the start of morning trading in New York.


    [​IMG]

    In the meantime silver was not affected by gold's volatility overnight and has seen a steady climb up of nearly 3% to just under $17 per ounce.

    [​IMG]

    As geo-political events continue to simmer in regards to North Korea, a potential trade war with China, and ongoing economic warfare against Russia, gold and silver should continue to move higher, and could soon break key resistance levels of $1300 for gold, and $17.50 for the white metal.
     
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  2. southfork

    southfork Mother Lode Found Mother Lode

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    Silver is truly a gift at this price
     
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  3. oldgaranddad

    oldgaranddad Gold Member Gold Chaser Site Supporter ++

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    Silver at three dollars and change was the real gift back 15 years ago. I constantly kick myself for not buying more of it. I remember seeing silver rounds out on garage sale tables, out in the open, and griping that $4 and $5 was a rip off.
     
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  4. nickndfl

    nickndfl Midas Member Midas Member Site Supporter ++

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    In 20 years whoever among us is still alive, we will talk about how Bitcoin was $3000 and gold was < $1300 and how stupid were so many people.
     
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