Summary: Both gold and silver posted impressive gains last week – in silver’s case, it was the metal’s strongest rally in 2013. Merrill Lynch analyst MacNeill Curry predicts gold will top $1400 in the weeks ahead. “The rest of the precious metal complex is starting to confirm the price action in gold,” comments Curry. Data from BullionVault shows that silver had its best week since 2008. Exchange-traded funds (ETFs) are also seeing more inflows, with with SPDR Gold Trust fund adding bullion for the first time this year. This increase in ETF activity will likely put upward pressure on prices. Read more…
Silver’s 13% jump “confirms” recovery in gold
August 20, 2013 by