SPX is up 5.42% ytd
WTI is up about 78% ytd
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.
Silver: $70.52 USD - ($1.76) USD -2.43% YTD
Gold:
$4,509.40 USD
$175.10 USD
4.04%
YTD
Gold and silver sell-off accelerates as inflation fears grip global markets
... fears about the Iran war and inflation gripped global markets ...
... The moves in gold and silver come amid broader risk-off sentiment, which has seen global equities and government bonds fall in tandem. ...
Gold and silver rebound, pulling global mining stocks and precious metal ETFs higher
... Spot gold was last up about 5.5% to $4,921.29 per ounce. Gold futures in New York gained more than 6%, hovering at around $4,936.60 as of 4:48 a.m. ET.
Spot silver rose over 9% to settle at around $86.70 per ounce. Silver futures in New York were up 12% at $86.49. ...
Gold and Silver tumble as Trump’s Fed Chair pick Warsh seen as preserving central bank independence
... Claudio Wewel, FX strategist at J. Safra Sarasin Sustainable Asset Management, told CNBC’s “Squawk Box Europe” on Friday that a “perfect storm” of geopolitical tensions had helped precious metals move higher this year, pointing to the U.S. capture of Venezuelan President Nicolas Maduro and Washington’s threats to use military force in Greenland and Iran.
More recently, he said, speculation over who would be nominated as the next Fed chair had been influencing metal markets.
“The market has clearly been pricing the risk of a much more dovish contender, that’s been largely helping the gold price along with other precious metal prices. Over the last 24 hours, the news flow has changed a little bit,” Wewel said, prior to Trump’s announcement. ...