Sprott Physical Silver Trust Gets Set to Purchase About 5.5 Million Ounces of Silver

09 April 2016 — Saturday

by Ed Steer
Gold Seek


The gold price didn’t do much of anything on Friday. The low tick came about 11:20 a.m. BST in London—and from there it chopped upwards to its high tick, which came just after the COMEX close in New York—and the high tick was only a dollar or so above where it closed in New York on Thursday afternoon. From there, gold was sold down for a small loss on the day.

The low and high ticks are barely worth looking up, but the CME Group reported them as $1,231.00 and $1,244.60 in the June contract.

Gold finished the Friday session at $1,233.40 spot, down $1.90 from Thursday’s close. Net volume was 121,500 contracts, which wasn’t overly heavy. But then again it wasn’t exactly light, either.

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