Gold Silver Prices Plunge on Trump Win
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SUBSCRIBE to Our Channel: https://www.youtube.com/c/sdbullion?s... In the annals of modern gold price maintenance history, the spot price dips in gold and silver this week were nothing compared to the last time Trump won the US Presidential election in November 2016.
This is not the same bullion bull market as then, far from it.
Judging from what SD Bullion customers did with their bullion buying capital upon the sharp spot gold and silver price last Wednesday, that is precisely what they did. Buying at a more than 3X rate versus more normal daily order flow data of late.
Following up on last week's Indian gold repatriation of 102 metric tonnes of gold. This week, India's central bank announced that it bought another 27 metric tons of gold bullion last October 2024.
Curious about your viewers, I recently posed a simple 3 choice YouTube poll, which got over 1,100 responses from our channel subscribers. And like India's central bank, about 78% of poll respondents are still actively adding to their prudent bullion stacks at present and to come.
The silver and gold markets traded down during the Trump election week.
The spot silver price closed above the $31 oz bid, and the spot gold price finished at the $2,683 oz bid.
The spot gold-silver ratio grew to close at 85.
That will be all for our weekly SD Bullion Market Update.
And, as always, to you out there.
Take great care of yourselves and those you love.
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