The metals enjoyed another exciting week. All four started the week down from the previous Friday, but by mid-week, they were climbing. Two kept climbing, and two fell back slightly. Let’s look at the charts.
First, there’s gold:
Next is silver:
Third is platinum:
Last is palladium:
Gold started the week by closing on Monday with an almost $10 drop from its Friday close. Tuesday saw a small drop further before it started its climb upward on Wednesday. By Thursday’s close, gold had recovered all of the value it had lost earlier in the week. But, on Friday, gold fell back slightly to close at a value less than its previous Friday’s closing number. Of course, looking at the daily charts, gold climbed and fell and climbed and fell many times. For example, just after 10 am on Thursday, gold enjoyed a momentary high of $1440 before dropping back into the $1435-1440 range.
Though silver dropped almost (but not quite) a dollar on Monday, it closed the day at just $0.16 less than its previous Friday’s closing value. On Tuesday, the metal had its ups and downs again and closed at $0.14 under Monday’s number. But Wednesday, silver began climbing. Even with a sharp dip during the middle of the day, it maintained its upward momentum. For Thursday and Friday, silver closed each day up again from the previous day.
Like gold and silver, platinum started the week with its Monday closing slightly down from its previous Friday. By Wednesday, however, platinum climbed to values higher than any of the previous week. On Thursday and Friday, platinum’s closing values fell $2 and $1, respectively, but the metal still ended the week higher than the previous week’s values.
Like the other metals, palladium encountered a small drop ($4) at Monday’s close from the previous Friday’s numbers. It more than regained its loss on Tuesday, fell back slightly on Wednesday before climbing on Thursday and Friday. Palladium struggles, along with platinum, due to manufacturing interruptions, but it is climbing upward.
Let’s look at the week’s end in numbers. First, let’s see how the 30 day highs and lows fared:
| 30 day high | 30 day low | Apr 1 Last | Difference between High and Low |
|
| Gold | $1,447.00 | $1,395.70 | $1,428.90 | 3.5% |
| Silver | $37.87 | $33.88 | $37.83 | 10.5% |
| Platinum | $1,848.00 | $1,689.00 | $1,763.00 | 8.6% |
| Palladium | $823.00 | $696.00 | $773.00 | 15.4% |
Only one of the metals, silver, enjoyed a new high this week, a minor increase, but an increase nonetheless. Silver’s low number also increased as its previous low number fell off the rolling 30 days of values.
Let’s see how the metals’ Friday close numbers compare to last week’s closing values:
| Mar 25 Last | Apr 1 Last | Percent Change | Dollar Change |
|
| Gold | $1,430.20 | $1,428.90 | -0.1% | -$1.30 |
| Silver | $37.32 | $37.83 | 1.4% | $0.51 |
| Platinum | $1,748.00 | $1,763.00 | 0.9% | $15.00 |
| Palladium | $749.00 | $773.00 | 3.2% | $24.00 |
Gold was the only metal to lose this week, and it only lost a small amount which can easily be regained. Palladium, on the other hand, grew the most in both dollars and percentage.
Will the next week be up, down or both? Most assuredly, the numbers during the day will be up and down, but will the overall trend for the metals be up or down? Whichever way they go, it will be interesting.