The recovery was swift! Just one week after the dramatic 15% fall in the silver price on August 11th, the price has bounced back and with spot price above £21/oz is...
Good news for the World is rarely good for the precious metal markets! Let’s be clear though that the news that Russia has approved a vaccine for Covid-19 is fabulous, but...
As it roared through the 19’s, the spot price of silver this morning has broken the psychological £20/oz mark, whilst gold sets ready to smash the unprecedented £50/gram barrier.
The price of silver has maintained its steep ascent with a rise of over 20% in just 7 days from a midday fix of £15.
The all time record price stands at $1896. 50/oz set on the morning fix of September 5th 2011, briefly yesterday the spot price nudged past the $1900/oz mark.
With the midday silver fix today of over £16/oz, we are now in territory not seen for the metal since the heady days of 2011-13 and as this blog is...
All metal prices rose sharply yesterday on the back of continuing concerns about the ongoing effect of the Coronavirus on the World economy.
The price of gold in the UK topped £1400/oz and £45/gram for the first time ever, when fixed this afternoon.
The global economic shutdown as a result of the Coronavirus has lead to very strong gold demand as a safe haven depository and a subsequent steep rise in the price.
In unprecedented market conditions related to the Coronavirus pandemic, all precious metals fell sharply again today with silver at one point trading below £10/oz.