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SMM Morning Review - 2011/9/16 Gold & Silver
Sep 16,2011 10:00CST
price review forecast
Source:SMM
COMEX December gold closed at USD 1,781.4/oz on September 15th, down USD 45.1/oz or 2.47%, COMEX December silver closed at USD 39.501/oz, down USD 1.032/oz or 2.55%.

SHANGHAI, Sept. 16 (SMM) -- COMEX December gold futures prices opened at USD 1,824.1/oz and closed at USD 1,781.4/oz on September 15th, down USD 45.1/oz or 2.47% from previous trading day, and USD 0.6/oz lower than London’s USD 1,782/oz during the day. Highest and lowest COMEX prices during the day were USD 1,828.7/oz and USD 1,775.1/oz.

COMEX December silver futures prices opened at USD 40.8/oz and closed at USD 39.501/oz on September 15th, down USD 1.032/oz or 2.55% from previous trading day, and USD 0.839/oz lower than London’s USD 40.34/oz during the day. Highest and lowest COMEX prices during the day were USD 40.8/oz and USD 39.4/oz.

The statement by five large central banks to provide ample US dollar access to European banks led to surges in European and US stock markets overnight due to a plunge in haven demand. Gold and silver plummeted in the contrary. SMM expects gold and silver to remain weak as fluctuation continues.

gold price
silver price

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