February 14th 2014, Weekly Silver Market Update
Gold and silver have had their most impressive 5-day session of the last few months this week. Not only did gold approach and subsequently cross over the $1,300 threshold, it is on the verge of surpassing the $1,325 mark as well. S
ilver performed in much the same way as gold, picking up well over a dollar this week and currently approaching £410/kg.
While these impressive gains may lead one to believe that this week was full of bullish economic news stories and data, the reality of the matter is that this week has been generally quiet.
Some things that did take place this week, however, included a positive report on January imports and exports for China, the inaugural address to Congress given by the newly appointed Federal Reserve chairperson, as well as an updated, increased forecast on UK GDP growth for 2014.
ilver performed in much the same way as gold, picking up well over a dollar this week and currently approaching £410/kg.
While these impressive gains may lead one to believe that this week was full of bullish economic news stories and data, the reality of the matter is that this week has been generally quiet.
Some things that did take place this week, however, included a positive report on January imports and exports for China, the inaugural address to Congress given by the newly appointed Federal Reserve chairperson, as well as an updated, increased forecast on UK GDP growth for 2014.
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