Posted on May 08, 2012
Welcome to our first Market Update at the JMBullion.com blog. Moving forward, we will post regular updates on both gold and silver price movements as well as the future outlook for both metals. In today’s update we will discuss today’s price dips for both gold and silver, as well as take a look at the longer-term picture for both metals.
Gold has slipped from its open of $1,632 to its current price of $1,607.94, representing a dip of over $20. When you look at the longer term picture, gold is now $67 off of its April 2012 high of $1,675.
Silver has patterned gold fairly closely in 2012, and today is no exception. Silver has fallen nearly $0.50 from its opening price of $29.81 to its current price of $29.34, which also puts it $3 off of its April 2012 high of $32.38.
Despite these short term dips, the overall outlook for both gold and silver remains strong, meaning that today could turn out to be an excellent buying opportunity for physical gold and silver investors. To place an order and lock in these reduced prices, shop at JMBullion.com today.