Monday, April 25, 2011

The Silver Log (04.25.2011) $50 Resistance Test

Precious metals cool after reaching highs

April-25-2011--Gold reached $1518.10 per troy ounce, a nominal record,

while silver climbed to $49.31 per ounce, its highest level since a supply squeeze in 1980.

Precious metals prices have surged as investors search for havens from a variety of risks, from inflation and weaker currencies to political turmoil.

“There’s been a resumption of sovereign risk worries in Europe,

safe haven buying related to Japan and more recently, discussions over US debt,”

Silver, Gold Prices Settle Off Highs

Silver, Gold Hit Records Ahead Of Fed Meeting

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