18.02.2014 - Silver outperforming gold; Analysts mixed on short-term momentum
Although a lot of focus was on gold last week as the price made major technical advances, silver was actually the better performer. Last week, Comex April gold futures advanced 4.2%; however, March silver futures rallied 7.27% with most of the gains coming on Friday as the price opened at $20.480 per ounce and closed the day at $21.421, a daily gain of 4.6%. U.S. markets are closed Monday in honor of Presidentís day. However, in electronic trading, silver continued to outperform the yellow metal. As of 11:28 a.m. EST, March silver futures were trading at $21.905 an ounce, up 2.26% on the day, while April gold futures were trading at $1,328.80 an ounce up 0.77%...............................................Full Article: Source
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