The silver-pricing method begun during the reign of Queen Victoria ends today in London as the $5 trillion market shifts to a more transparent process and regulators expand scrutiny of how commodity benchmarks are set.
Everyone knows that gold and silver have value, but few people understand their real value. Some people say that the current price of gold and silver is too high after rising 12 years. But is that true?
At a time when gold and silver are tumbling the most in three decades, hedge funds are holding a near-record bullish bet on palladium as forecasters from Morgan Stanley to Credit Suisse Group AG predict years of shortages.
Gold got off to a relatively strong start overnight as prices opened firmer overseas and briefly retook the $1,600 level. The bulk of the gains were driven by the perception that the rescue plan for Spain’s banks would be euro-beneficial.