Gold and Silver weekly Update – w/e 20th April 2018
782 views · Published 22 April 2018 · 4:41 · Indexed 26 October 2026
Channel: The 2% Brief · 2018 · People & Blogs
http://illuminatisilver.com Gold and Silver weekly Update – w/e 20th April 2018 Today is Sunday 22nd April 2018 and we are providing our gold and silver weekly update for the week ending 20th April. Gold fell $10 last week from $1,345 to $1,335 having hit a high of $1,354 and a low of $1,335. In sterling terms gold finished the week at £953 that’s up £8, and in Euros it closed at 1,086 Euros that’s down 4 Euros on the week. Silver rose 48 cents from $16.66 to $17.14 having hit a high of $17.35 and a low of $16.57. In sterling terms it closed at £12.24 that’s up 54 pence and in Euros it closed at 13.95 euros that’s up 0.44 euros. The Gold to Silver Ratio fell from 80.73:1 to 77.88:1 The Dow Jones closed on Friday at 24,462 down 201 points on the day but up 102 points on the week; and the NASDAQ closed at 7,146 down 91 points on the day but up 40 points on the week. Brent Crude rose $1.48 from $72.58 to $74.06 and US Light Crude rose $1.01 from $67.39 to $68.40 The dollar index stands at 90.31 that’s up 0.51 on the week. Gold markets last week attempted to break through the $1350 level but failed to do so and fell back again closing the week some $10 lower. However analysts quote that perhaps a shooting star has occurred and are predicting gold rising to $1375 and then upwards of $1400 in the next coming weeks quoting Syria, and a potential trade war with China being 2 potential causes for its rise. On the other hand, a stronger dollar and potentially rising interest rates may in fact cause gold to fall further especially if North Korea, Syria and China manage to sort themselves out without some of the fears being realised. Silver was a bit of a star last week rising nearly 70 cents at its peak and closing 48 cents higher. There was no apparent reason for this rise, save perhaps a correction in the Gold to Silver ratio bringing the ratio back down to 77:1 which is close to where it has languished for some time previously. It certainly appears that $16 has formed a very strong support level and we shall see if $18.50 proves an equally strong resistance level in the near future. We expect this week to be little changed or perhaps a slight weakening of prices though to be fair it’s almost impossible to predict any political outcomes with such an unpredictable administration. Please view our latest videos: Gold and Silver weekly Update – w/e 13th April 2018 https://youtu.be/XLIpr-5YOxA Will Solar Panels be the Saviour For Silver Prices? https://youtu.be/6-LE_sQBrIE The case for $600 Gold – unlikely but Interesting. https://youtu.be/QGUZA63dHSA
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