Silver prices gained a little today based on some news out of China. A relatively neutral inflation reading from China, combined with news that investors are pouring money into stocks allowed silver to add 67 cents to close at $35.41 an ounce while the U.S. dollar index was down 0.23% at $74.28, which was helping support a precious metal rally.
Gold also added $8.80 to settle at $1,524.40 an ounce at the Comex division of the New York Mercantile Exchange. While we understand silver prices gain and lose in big jumps, it should come as a surprise to nobody that gold has yet again increased in price. If you are invested in gold right now, then you are probably sitting very pretty looking at your returns.
The news coming out of China, combined with other inflation readings from around the globe doesn’t look like it will have much of a current effect on silver and gold prices. Typically investors buy up gold and silver as protection against high inflation, low rates, and devalued currencies. Some experts expect this trend to continue.

