The EU debt crisis remains a bullish underlying fundamental for the gold and silver markets, due to the safe-haven asset status that gold and silver hold.
And, when gold surges sharply on a safe-haven bid, silver tends to follow.
FORBES: INTERVIEW: Thomson Reuters GFMS: Silver Could Reclaim $30/Oz In 2013
That prompted some market uncertainty and led to safe-haven demand for gold and silver.
The Gilliams say they went to Monex looking for a safe investment but ended up investing in silver with money borrowed from Monex.
Physical gold and silver stored in vaults in safe international havens?
FORBES: Cyprus Bailout: Everything You Need To Know Before The Opening Bell
However, if the stock indexes continue to rally, that would suggest better investor risk appetite in the market place, which could pull away some safe-haven demand for gold and silver.
FORBES: Comex Gold Sharply Higher amid Bullish "Outside Market" Forces Wednesday
Some safe-haven buying demand for gold and silver also resurfaced amid rioting in Greece.
This news is not a surprise, either, but did work to support safe-haven investment demand for gold and silver.
FORBES: Comex Gold, Silver Weaker as Key "Outside Markets" in Bearish Posture Wednesday
This news was not a surprise, but did work to support fresh safe-haven investment demand for gold and silver.
FORBES: Comex Gold, Silver End Solidly Higher on Fresh Safe-Haven Demand
There was also some safe-haven investment demand for gold and silver due to the violent riots occurring in Athens Greece.
However, selling interest in the metals is being limited by safe-haven investor demand for gold and silver as the Greek debt crisis continues to play out.
FORBES: Comex Gold, Silver Weaker amid Lower Crude Oil, Stronger U.S. Dollar Index
Thus, while neither Stern nor Silver directly said it, it is safe to say that the 2015 NBA All-Star Game will be held somewhere in New York.
FORBES: How Houston Became the Host City for the 2013 NBA All-Star Game
The increase in investor risk appetite recently has been a bearish factor for safe-haven gold, and to a lesser extent silver.
FORBES: A.M. Kitco Metals Roundup: Gold Weaker amid Bearish Outside Market Forces
Silver, while a precious metal that has some safe-haven appeal, is not nearly the perceived safe-haven investment asset that is gold.
FORBES: A.M. Kitco Metals Roundup: Comex Gold Solidly Higher Following Weak Euro Zone Economic Data
In my opinion, silver, while a precious metal that has some safe-haven appeal, is not nearly the perceived safe-haven investment asset that is gold.
FORBES: Comex Gold Sharply Higher amid Bullish "Outside Market" Forces Wednesday
Safe-haven investment demand also surfaced in both gold and silver Thursday.
Another major bearish factor for the gold and silver markets in recent weeks has been rallying stock markets worldwide, which shows investor risk appetite is on the upswing at the expense of demand for safe-haven assets like gold and to a lesser degree silver.
Bob Haberkorn, senior market strategist at MFGlobal, said although gold prices slid in the late U.S. afternoon trade, ultimately it will be bullish for gold and silver as investors will continue to seek those metals as safe havens.
FORBES: FOCUS: Fed's 'Twist' Program Likely To Have Little Long Term Impact On Markets
When such crises occur, gold tends to be the most sought-after metal for a safe haven, said David Morgan, independent precious-metals analyst with Silver-Investor.com.
FORBES: Gold Seen Outperforming Silver In Coming Weeks As European Debt Crisis Continues
Conversely, more bitter wrangling by U.S. government officials and a mostly hollow agreement on taxing and spending measures could see fresh safe-haven investment demand for gold, and to a lesser degree silver.
Gold has always had an important role for safe-haven demand among investors, but this is becoming increasingly significant for silver, Newman said.
FORBES: Thomson Reuters GFMS' Newman: Silver May Move Toward $50 Yet In 2011
Silver is trading more on its industrial usage qualities and less on its safe-haven allure.
FORBES: METALS OUTLOOK: Weaker Trade Possible In Gold If Financial Markets Stabilize
Safe-haven buying interest has resurfaced in the gold market, and even in the silver market, this week.
FORBES: Gold Weaker on Corrective Pullback, Bearish Outside Markets
Fundamental news is lacking and with thoughts that global growth is slowing, silver is tied down by being considered more for its industrial use than for any safe-haven aspect, he said.
FORBES: Gold Prices Could Rally Next Week If Dollar Gains Fizzle
However, the silver bears still have the solid overall near-term technical advantage and could not garner the strong safe-haven demand that did gold on Friday.
Silver, meanwhile, is likely to stay range-bound as it is does not have the safe-haven allure gold does, plus it could find additional weight from a slowing global economy which would limit the industrial use of the metal.
FORBES: Gold Prices Could Rally Next Week If Dollar Gains Fizzle
Safe-haven investor demand as the Greek debt crisis continues to play out is limiting the downside in gold and silver.
FORBES: Comex Gold, Silver Weaker as Traders Now Await FOMC Meeting Conclusion
应用推荐