Comparing the long term gold to the similar silver chart, it is apparent that silver is more volatile currently. Both have taken a noticeable move upwards recently. I don't know who tends to control the silver market but gold is controlled by the major banks and especially the central banks. I have heard that they are keeping the price of gold artificially low to facilitate their trading in large amounts. I do not know if this is true but it appears to be. When the small trader starts heavily entering the market they likely let the price float more naturally. 🤷
Obviously when gold is bought by the tonne ('wholesale' so to speak) the buyer will pay less than the individual trader buying by the oz.
“Never give the sucker an even break”
...eternal wisdom, eh?
MarQ
We don’t buy any either. Dh got a very small amount of silver a long time ago, so it’s interesting to see what it’s doing.