SD Bullion Weekly
Gold Fell Over -$500 oz this Week
The spot price of gold fell by over $500 per oz this week, the largest percentage drop since 1983.
Silver was not spared in this week's precious metals price selloffs. Closing the week, the silver spot price was about twice what it traded at this time last year, in late March 2025.
Later in this week's Bullion Market Update, we'll look at price action history to get a sense of where the bottom might be for both gold and silver.
The silver and gold markets sold off sharply this week.
The spot silver price ended the week at $67.79 oz bid.
The spot gold price closed the week basically flat at $4491 oz bid.
The spot gold silver ratio rose to close the week at 66.
The bottom line for bullion bulls the world over is this.
It's common in bull markets for bullion to see price retracements of up to 50% before resuming its bull climb.
For those kicking themselves at the beginning of the year for not having bought enough bullion, the opportunity again exists for investors to position near the ground floor of where this year started.
Name any major debasing full fiat currency pair, and the opportunity now exists to acquire silver bullion at prices you would have been pleased to have bought at only a few months ago.
The current crisis in energy markets suggests the central planners will begin another round of quantitative easing and rate cuts to keep the world economy from imploding.
You'll want to have your bullion positions settled before the next bull market move gets going again in earnest.
For those of you looking to take advantage of spot price selloffs, be sure to check out SDBullion's deals page this weekend.
And as always, to you out there, take great care of yourselves and those you love.
10:18
Cited Segment Sources:
The world’s biggest buyer pulled in over 790 tons in the first two months of the year.
www.mining.com
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