Silver and gold had a fairly good run this week starting with an explosive session for the former on Monday amid news of a more resistant COVID-19 strain. The metals pulled back on Tuesday before posting consecutive gains for the rest of the week except for Friday. Here’s the summary: Monday 21st Gold failed to
Monthly Archives: December 2020
Week in Review: Silver outperforms gold as both metals post price gains [14th to 18th December 2020]
The precious metals had a good run in the week leading to Christmas. Gold prices rallied to a four-week high, with silver scoring a five-week high as the week came to an end. Despite the upward trend, silver did not test $26 and neither did gold break $1900. Analysts believe the metals are getting support
Week In Review: Gold and silver post modest gains [7th to 11th Dec 2020]
Gold and silver markets looked sharp at the start of the week. Both metals displayed positive upside momentum for the larger part of the week, hitting a three-week high on Tuesday. The only significant dip was on Wednesday, and neither metal could get on a strong recovery path. Monday 7th Gold and silver were trading
Week In Review: Gold and silver shows signs of strength in a new month [30th Nov to 4th Dec 2020]
The precious metals kicked off the new months with three consecutive gains before gold’s price dipped at the end of the week. The daily gains pushed both metals’ prices up after a poor session at the start of the week. The weak US dollar, which hit a two and half year low on Wednesday, was
Meteroic Resources makes spectacular strike!
‘Spectacular’ is how Chairman Pat Burke described the intersections discovered at its recently acquired Palm Springs Gold Project located in the Kimberley region in Western Australia, when referring to recent drilling results, in the company’s 2020 annual report. The project contains some spectacular historical intercepts beneath the existing Butchers Creek open pit, including 68 metres at
