On October 28, Citibank cut its short-term price targets for gold and silver, lowering its 0-to-3-month gold price forecast from $4,000 to $3,800 per ounce, and its silver price forecast from $55 to $42 per ounce, citing changes in global market conditions.
Citibank: Lower its short-term price targets for gold and silver, lowering its 0-to-3-month gold price forecast from $4,000 to $3,800 per ounce and its silver price forecast from $55 to $42 per ounce, citing changes in global market conditions.
Spot silver rose short-term, rising 1.00% in the day to $36.67/ounce. New York silver rose more than 1.00% in the day to $36.82/ounce.
Spot silver rose by $0.1 in the short term, expanding the intraday gain to 1%, and is now trading at $30.81 an ounce.
On November 25th, the price of gold continued to fall from a three-week high due to profit taking. Spot gold plunged $35 short-term to hit $2,660/ounce, down 2.07% in the day. Spot silver fell 2.00% in the day to $30.69/ounce.
Silver stood at the $30 mark, and spot silver rose short-term, breaking through $30/ounce for the first time since mid-July, rising 0.67% during the day.
Spot silver rose by $0.2 in the short term, rising more than 1.00% in the day, now at $28.63/ounce. COMEX silver rose more than 1.00% in the day, now at $28.71/ounce.
Spot silver rose by $0.2 in the short term, rising more than 1.00% in the day, now at $27.86/ounce. COMEX silver rose by 2.00% in the day, now at $27.89/ounce.
Spot silver fell short-term by $0.4 to $28.71 an ounce.
Spot silver fell more than $0.2 short-term to $30.61 an ounce. COMEX silver fell to $31 an ounce, down 2.19% in the day.