COMEX Copper Shortage Now, Silver & Gold's Later
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It was a busy week of positive price action for both silver and gold. Today's most bullish moves followed this morning's US jobs report data.
The spot silver and gold markets finished the holiday-shortened week with strength.
The spot silver price closed the week at $31.21 oz bid, while the spot gold price closed just under $2400 oz bid.
The spot gold-silver ratio fell to 76 on the week.
Year to date, both silver and gold have performed well in fiat US dollar terms.
But the fundamental drivers for both are still not reflected as bullish enough.
That will be all for our weekly SD Bullion Market Update.
And as always to you out there, take great care of yourselves and those you love.
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Panic short-covering ignites COMEX copper as shipments fail to arrive
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CME Group Issues & Stops Year-to-Date 2024 report:
https://www.cmegroup.com/delivery_rep...
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