This week, the metals played the bouncey game during the trading days, but at the closing bell, most of the metals climbed day over day. Only gold saw a slight downward trend on Wednesday and Thursday but picked back up at the end of the week.
Let’s look at the charts.
First, there’s gold:
Silver is next:
Then, platinum:
Last is palladium, the fun one to watch:
Just look at those climbers, especially silver and palladium. Both of these metals ended the week on new highs. Of course, for the old-timers, silver has not reached the per ounce values experienced in the early 1980’s, but the week’s close of $29.38 is a ten-year high.
Longer term data points are not readily available for palladium for ten years, but its close of $767 is a five-year high.
Both gold and platinum ended the week up, but they didn’t quite achieve a new 30-day high.
Let’s look at the tables for this week.
First, the table with the 30-day highs and lows along with the Friday New York market closing values:
| 30 day high | 30 day low | Dec 3 Last | Difference between High and Low |
|
| Gold | $1,421.00 | $1,335.80 | $1,414.50 | 6.0% |
| Silver | $29.38 | $24.84 | $29.38 | 15.5% |
| Platinum | $1,786.00 | $1,636.00 | $1,725.00 | 8.4% |
| Palladium | $767.00 | $638.00 | $767.00 | 16.8% |
Interesting. Both silver and pallidium experienced the largest differences between their high and low values for the last 30 days with significant percentage point differences.
Now, the table comparing the Friday close values for week over week:
| Nov 26 Last | Dec 3 Last | Percent Change | Dollar Change |
|
| Gold | $1,364.20 | $1,414.50 | 3.7% | $50.30 |
| Silver | $26.70 | $29.38 | 10.0% | $2.68 |
| Platinum | $1,646.00 | $1,725.00 | 4.8% | $79.00 |
| Palladium | $679.00 | $767.00 | 13.0% | $88.00 |
Just look at the climbs the metals made. This week palladium is the front runner in both the percentage and dollar growth from Friday to Friday. But, silver is not far behind in the percentage growth.
In the next few weeks, the domestic and global economy news will impact the metals. News about the holiday shopping and about many countries’ financial stability will drive investors’ buying habits with the metals. On the domestic front, political decisions or lack thereof will also impact the investments in the various metals.
Keep watching. The metals offer entertainment and excitement!