Here we go again…another volatile week.
First, there’s gold:
Next, let’s look at silver:
Then, there’s the rare and expensive platinum:
Last, there’s the also rare but not as expensive palladium:
Before proceeding, note that the charts end on Thursday. That will be important when you see the performance of platinum and palladium today, Friday.
These charts are very interesting. With the exception of silver, all of the metals saw their lowest point on Tuesday. Silver fell a little further on Wednesday before pulling back into a positive direction.
But, perhaps more interesting is looking at the overall trend for the 30 days. Gold and silver show more movement down for most of the time. But, look at platinum and palladium. They were volatile throughout the 30 days, but they’re ending the month on a 30 day high.
Let’s look at the closing numbers for today and the highs and lows for the last 30 days:
| 30 day high | 30 day low | Jul 30 Last | Difference between High and Low |
|
| Gold | $1,244.00 | $1,157.00 | $1,181.40 | 7.0% |
| Silver | $18.74 | $17.47 | $17.97 | 6.8% |
| Platinum | $1,560.00 | $1,499.00 | $1,569.00 | 3.9% |
| Palladium | $488.00 | $429.00 | $496.00 | 12.1% |
Both platinum and palladium end the day at a higher number than the last 30 days while gold and silver still lag behind earlier highs.
Next, let’s look at how today’s values compare to a week ago:
| Jul 23 Last | Jul 30 Last | Percent Change | Dollar Change |
|
| Gold | $1,189.70 | $1,181.40 | -0.7% | -$8.30 |
| Silver | $18.12 | $17.97 | -0.8% | -$0.15 |
| Platinum | $1,539.00 | $1,569.00 | 1.9% | $30.00 |
| Palladium | $462.00 | $496.00 | 7.4% | $34.00 |
Interesting. Gold and silver closed today at values below last Friday’s numbers, but after the Tuesday dip, platinum and palladium increased over last week.
Some claim that improvements in the automobile industry’s sales help drive the platinum and palladium increases. Due to their high heat tolerance, other industries use these metals as well. And remember, these metals are as difficult to find and mine as gold.
With the economic turmoil and the political upheaval of an election year, the metals will continue to be entertaining to watch.