Metals
SILVER & PLATINUM Surge on Chinese Premium Gap Ups!
By The Phaser |
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from SD Bullion:
SILVER & PLATINUM Surge on Chinese Premium Gap Ups!
Basically, all week we witnessed the combination of China’s SGE & SHFE precious metals markets ramp in local premiums paid for silver, palladium, and platinum, respectively. The spot silver price ripped higher this week, closing extremely bullish at over $79 oz bid. The spot gold price ended the week at $4,531 oz, a new nominal price high, with a weekly close for gold as well. The spot gold silver ratio ends this week at 57 oz of spot silver to afford one troy ounce of spot gold.
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