Gold and silver are in a good position to benefit from the wave of commodity price growth that is just getting started.
It has been a trying week for the metals, but it seems the worst is over for now, and we are beginning to see a recovery.
Today we will discuss some interesting conditions on the horizon for Gold itself, regardless of the outward influences of financial instability or world markets.
For the week, Gold is up 3% to $1,940. Silver is up 4% to $27.44. Platinum increased 3% to $1,100.40, and Palladium tied with Silver, also up 4% to $2,453 for the week.
Looking at the 1-yr numbers, we have Gold up 24%, Silver up 47%, Platinum up 11% and Palladium up 24%.
Today we will look at what that means in world markets, and more importantly, what that means for the average American.
The 1 year performance numbers continue to shine, with Gold up 26%, Silver up 46%, Platinum up 8.5%, and Palladium up 25% since this time last year.
The time has come to look beyond 2020 and peer into what 2021 may offer in terms of precious metals prices.
It has been another good week for the metals, with Gold up 1% to $1861. Silver had a monster week, up another 5% to $25.20.
In spite of a higher Dollar, most of the metals rounded out another good week.