Gold Holds Above $5,000 While Silver Inventories Shrink in China and COMEX and Debasement Fears Grow
From sdbullion.com
Gold and silver weathered headline volatility this week, trading steadily until a Bloomberg story suggesting Russia might return to the U.S. dollar system sparked an algorithm-driven selloff. Russia’s central bank quickly denied the claim, but not before markets reacted sharply. Silver closed strong at $77.37 per ounce bid, while gold finished essentially flat at $5,042 per ounce bid, showing resilience despite the late-week turbulence. The gold-to-silver ratio ticked up to 65, suggesting silver has room to outperform if the broader metals bull trend continues to unfold. U.S. stock-to-gold ratios are rolling over, ...
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