04 April 2010
Easter Holiday leaves Gold and Silver Trading Quietly
Low holiday demand sees quiet trading
The easter holiday saw interested traffic down markedly on previous weeks, most likely due to fewer lots being for sale. Closing Gold, Silver & Platinum auctions on Easter Sunday were significantly down on the previous week. Fixed price items were also more scarce as dealers took a breather over the holiday period.
With comparatively little precious metal for sale, premiums languished with even Fixed price Gold Bars remaining subdued at 11% over the London Gold Fix.
Meanwhile good opportunities in Silver were apparent with some decent weights in Kilo Silver Bars also trading at around 5% over the London Silver Fix, and some 100 ounce plus lots trading at around 7%