The best performing precious metal for the week was silver, up 11.29%, breaking through $30 per ounce for the first time in more than a decade with an increasingly supportive supply picture for prices with a projected fourth year of market deficit in production, reports Bloomberg. - Gold and silver are starting the week with increased volatility as investors continue to react to the precious metals' breakout moves on Friday and extend their follow-through through Sunday evening.
The latest Kitco News Weekly Gold Survey has the overwhelming majority of industry experts believing gold prices could reach or surpass their all-time highs, while retail traders are a little more restrained on the precious metal’s prospects.
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