Silver & Gold Zoom Higher Following US Yen Intervention

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The silver and gold markets were up strongly in price on the week.

The spot silver price closed the week at $63.30 oz bid.

The spot gold price finished the week at $4341 oz bid.

The spot gold-silver ratio ended the week lower, at 68 oz of spot silver per 1 oz of spot gold.

Both gold and silver have work still to do. The 200-day moving average for gold is still hovering near $4,500/oz, and silver's 200-day moving average is just over $70/oz.

In a bullion bull market, buying below the 200-day moving average has historically been a smart move for the coming bull run.

For those of you in the bullion market buying this week, be sure to check out our www.SDBullion.com/deals page where we have silver bullion at spot deals and low-premium gold bullion coin offerings while supplies last.

That will be all for this week's Bullion Market Update.

As always, to you out there.

Take great care of yourselves, and those you love.