A Record 44.25 Million Oz. of Silver Added to All ETFs and Mutual Funds During This Past Week

The gold price traded quietly and unevenly sideways until around noon China Standard Time on their Friday.  It was sold down to its low tick of the day by shortly after 1:30 p.m. CST — and its subsequent rally was capped just minutes after 9 a.m. in London.  From that point it was sold lower until around 11:45 a.m. BST.  The ensuing rally ran into ‘something’ at 9:30 a.m. in New York — and it was sold lower for the next fifteen minutes.  It rallied a bit from there — and then traded mostly evenly sideways until the market closed at 5:00 p.m. EDT.

The low and high ticks in gold were recorded by the CME Group as $1,880.50 and $1,904.60 in the August contract.  The August/October price spread differential at the close on Friday was $12.60… October/December was $15.10 — and December/February was $10.60.