by Gerardo Del Real
Volatility Picks Up, Silver Soars
As the June 23 Brexit vote nears, we’re starting to see volatility pick up. The dollar gained approximately 0.4% for the week, bouncing back from a four-week low, but despite dollar strength gold saw a weekly rise of approximately 2.7%, holding the $1,270 level. Oil gained approximately 3% for the week, as it held near the $50 level.
The real strength, however, came in the silver market as silver traded above $17.30 on Friday and posted a weekly gain of nearly 6%, the largest gain in nearly two months.