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Friday, 5/21/2021 14:51 GOLD and SILVER PRICES both fell hard Friday afternoon in London but still set their highest weekly close of 2021 so far after the head of the European Central Bank repeated its commitment to sub-zero interest rates and €1.9 trillion QE bond-buying stimulus for the 19-nation currency bloc.   Preliminary PMI data from the ISM's monthly surveys said US manufacturing continues to grow strongly, while services-sector activity has blown past analyst forecasts as the world's largest economy re-opens from Covid lockdowns. ...

The Global Precious Monthly Metals Index (MMI) jumped by 7.1% for this month’s index reading, as the gold price gained while the US dollar retraced. Gold price up to three-month high After stumbling to around $1,735 per ounce in late February, the gold price has gradually picked up steam. The gold price closed April around $1,790 per ounce. However, gold really picked up last week, closing Friday at around $1,831 per ounce. The price marked its highest since February. Instructive for commodities in general, the US dollar has lost strength in recent weeks. In general, the US dollar and gold...

Silver futures soar to Rs 73,645 per kg on strong demand; up nearly 15% since January 28 In the futures market, silver for March delivery touched an intra-day high of Rs 73,888 and a low of Rs 71,650 per kg on the MCX. Silver Silver prices soared to Rs 73,645 per kg on February 1 as participants increased their long positions as seen by the open interest. The precious metal had gained 4.6 percent last week on the MCX. The white metal prices started with a gap up trade on February 1 in Asian trade, up by over 4.5 percent amid talks that silver was the new target for the retail crowd and a wav...

Share: Silver stocks such as First Majestic Silver Corp (NYSE: AG) are shining amid speculation that the Reddit-fueled frenzy will extend to the precious metal and companies associated with it. What Happened: First Majestic shares closed 21.56% higher at $16.86 and gained 12.69% in the after-hours session on Thursday. The iShares Silver Trust (NYSE: SLV), an ETF that tracks silver closed 5.55% higher at $24.72. Spot silver traded 0.71% lower at $26.227, while March silver futures were up 1.38% at $26.28 at press time.  On Thursday, a WallStreetBets post claimed that banks are “manipulati...