Thursday, 18 July 2019

Gold Tier 1 Asset Price Strength vs Silver

Silver & Gold both had positive week’s in fiat US dollar spot price action up a percentage point or two respectively since last week's closes. 

The silver spot price ended the week around the $15.25 per troy ounce mark. While the gold spot price finished the week around the $1,415 fiat Federal Note per troy ounce mark. 

The gold-silver ratio is still hovering around 30-year highs, closing the week near 93 ounces of derivative silver to acquire 1 ounce of derivative spot price gold. 

This week we welcome a new guest to this silver and gold podcast. 

Hear why this long-time gold trader believes the yellow precious monetary metal has been trading stronger than fiat silver prices of late, and how long he thinks this trend may continue along for. 

As well, what are some catalysts that might change the pattern? We also touch on the Gold-Silver Ratio, where it may go and why. 

A long-time commodity trader, Mr. Vince Lanci of Echobay Partners, speaks with us.

- Source, Silver Doctors