Stock Market Watch

Gold and Silver Prices in Mid-Day Trading

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Gold and silver prices have eased in mid-day trading after rising sharply earlier in the day. Gold and silver had risen earlier today as the euro strengthened against the U.S. dollar after Greek lawmakers passed a package of austerity measures, paving the way for next round of bailout funds from the country’s international lenders.

At last check, spot gold was trading 0.17% higher at $1,722.29 an ounce. Gold futures for delivery in April on the Comex division of the New York Mercantile Exchange are currently trading 0.05% lower at $1,724.40 an ounce.


The SPDR Gold Trust (ETF) (NYSE: GLD) is currently trading 0.22% higher at $167.51, the Market Vectors ETF Trust (NYSE: GDX) is currently trading 0.40% lower at $54.27, and the iShares Gold Trust (ETF) (NYSE: IAU) is currently trading 0.18% higher at $16.80.

George Gero, Vice President at RBC Capital Markets, said in a research note that cautious buyers are testing the waters in gold after the Greek government won approval of the latest set of budget cutting measures.

Silver prices are currently in green. At last check, spot silver was trading 0.24% higher at $33.64 an ounce.

The iShares Silver Trust (ETF) (NYSE: SLV) is currently trading 0.77% higher at $32.76, and the ProShares Ultra Silver (ETF) (NYSE: AGQ) is currently trading 1.52% higher at $60.64.

The ProShares Ultra Silver (ETF) (NYSE: ZSL), which takes a short position on silver, is currently trading 1.45% lower at $10.18.

 

 

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edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.


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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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