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A-Mark Bullion Update

Blog Jul 6, 2016

A-Mark-Precious-Metals-Inc7.6.2016. Despite the US being absent from the market yesterday for the July Fourth holiday, there was still plenty of movement in the precious metals.  In thin trading conditions during the Asian time zone, silver ran all the way up to touch $21.22 on the active September Comex silver contract.   The move was short lived though as silver almost immediately retreated, making a low of $19.55, only to recover back above $20 in choppy trading conditions.  The price action today for the precious metals was much more subdued even though other markets were fairly chaotic.  US equites sold off, the GBP made fresh 31 year lows, and crude oil shed 5%.  Gold traded higher for the fifth day in a row and closed today right under $1,360, the level it reached the day the Brexit result was announced.  If it breaks above here, the next target to the upside is psychological resistance at $1,400. You can Buy Gold and Silver Online Here.

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