Welcome to SurvivalBlog’s Precious Metals Month in Review, where we take a look at “the month that was” in precious metals. Each month, we cover gold’s performance and silver’s performance and examine the factors that affected the metal prices.
WHAT DID GOLD AND SILVER DO IN FEBRUARY?
Even during the shortest month of the year, the precious metals markets packed in quite a lot of action. Prices ended basically back where they started, but there was a good deal of volatility in between.
Both silver and gold rose on each of the first three trading days of February. The gold price advanced 2.4% over that span, reaching an all-time high of $2,861 per troy ounce on Feb. 5th. During that same period the silver price added 3.5%. Silver gave back 47 cents on Friday, Feb. 7th before rebounding back above the $32/oz mark the following Monday. Spot gold closed above $2,900/oz for the first time ever that same day, Feb. 10th.
The metals bounced up and down throughout the week of Valentine’s Day. Gold touched yet another new record high of $2,929/oz on Thursday, Feb. 13th, yet it sold off rather swiftly the next day. On Tuesday, Feb. 18th, the yellow metal notched yet another all-time high above $2,930 while silver jumped 41 cents higher to $32.78/oz. The silver price reached its high point for the month on Feb. 20th, closing just six cents shy of the key $33/oz level.Continue reading“February, 2025 in Precious Metals, by Everett Millman”
