Prices leaped, stretched, and performed a somersault this morning, not only stretched. Gold danced with the $2,350 mark before cool-off like coffee left too long on the gold and silver price today. While Silver tried to keep up, running past $28, lunchtime caused her to stumble somewhat.
Whirl the pot in what direction? Combining central bank rhetoric, inflation concerns, and some classic market anxieties is a cocktail. Among a room full of rocking chairs, traders are more twitchy than a cat. A simple remark from a policy maker may send metals flying—or sinking—within minutes. Today’s rebound? Point to a lower dollar and a less than expected inflation print. Those two are dancing gold like they received an invitation to prom.
Silver’s sidekick for performance; do not count it out. Although per ounce it may be less expensive, it packs a punch. With same genes and more volatility, investors sometimes see it as the scrappy little brother of gold. And youngster, it has been jittery. It swung around eighty cents in a few hours. Sounds hardly at first until you multiply that by hundreds or thousands of ounces. That is then actual money.
Still rather reasonable is physical demand. Coins are being moved by mints. Dealers have a lot on going. Geopolitical issues scare some consumers, while others only appreciate dazzling objects. Either way, the tightening of supplies in some areas—especially for silver—is cause for concern. While they’re not excessive, premiums are rising like ivy on a stone wall.
These days, charts resemble a rollercoaster created by a caffeinated little child. Sharp peaks, abrupt declines without any genuine rest. Those that trade short-term live in rapid forward. long-term holders They are enjoying their weekends more and less monitoring their phones. That reflects wisdom.
A side note: be alert for too strong headlines. While overlooking the section where the price decreased five minutes later, some yell “historic highs.” Clearly, gold is still strong. It is not insensitive to gravity, though. The feistier quality of silver cuts both directions.
Looking ahead, murmurs about interest rates and future employment data grab all the attention. Should rates either hold or decline, metals could once more expand their legs. If not, you should anticipate a retreat, possibly even a dramatic one.
One other consideration: avoid chasing the high. Prices alter quickly. Today’s pricey looks might seem like a deal next month. Maybe not as well. That is the enjoyment (as well as the suffering) of metals. inhale. Think. Buy not only because a chart is rising. Buy since it aligns with your strategy.