by Alasdair Macleod, GoldMoney:
It has been a dramatic week for precious metals, particularly silver, which on Monday rose $1.70, 8.9%, followed by a further rise on Tuesday.
Gold rose $52 dollars from last Friday’s close to trade at $1712 in Europe this morning, and silver $1.70 to trade at $20.70. Turnover on Comex declined in both contracts as the week progressed while the gains on Monday and Tuesday were consolidated.