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What happens to precious metals in a recession?

For example, a physical shortage particular to the silver market could cause silver prices to skyrocket independent of gold. And in the event of a financial crisis, gold may benefit from its safe-haven status while silver suffers from a hit to industrial demand. What Happens To Precious Metal Prices In A Recession?

What are spot prices and how do they affect precious metals?

Spot (paper) prices could diverge from real-world pricing in the markets for physical precious metals. For example, during periods of extreme stress in markets it may be impossible to obtain physical metal anywhere near the quoted spot price. Premiums on retail bullion products may surge as a consequence.

How to analyze precious metals price charts?

When analyzing Precious Metals price charts, it is recommended to consult both the short-term and long-term charts to see the bigger, overall price trends for that timeframe.

What is the price of gold and silver?

Current Gold and Silver Prices Precious Metal Spot Price Change Change Gold $1,731.55 -8.40 -0.49% Silver $21.65 -0.91 -4.2% Platinum $962.40 -15.00 -1.56% Palladium $1,888.60 -22.85 -1.21%

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