Silver and gold had a good week:
Silver: $76.60 USD +$4.04 USD +5.57% 1W
Gold: $4,764.80 USD +$112.50 USD +2.42% 1W.
Silver was $72.28 on Jan 1, gold was $4,334.30.
Prices are per APMEX, where the 3M and YTD results just happen to be nearly identical as of April 12th, indicating more stability actually Mar 31 to Apr 12.
The war in Iran has been net negative for both gold and silver in the last 30 days, however, as oil prices rose in a volatile manner, which is where all the betting action went. Gold was down over 7% and silver over 10% in the last 30 days.
The blockade of Iran is likely to cause oil prices to spike much more this week, and precious metals to fade, but you never know from day to day with you know who in charge.
Stackers of precious metals will view future price drops as buying opportunities.
