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Peter Spina: Gold holds gains as silver slips below $60 with rising rates and oil

Peter Spina: Gold holds gains as silver slips below $60 with rising rates and oil
Gold steady as silver moves below $60

Peter Spina, CEO at GoldSeek.com, observes movement in precious metals as gold maintains its gains despite rising rates and oil prices, while silver falls below $60 per ounce. He also highlights the 10-year U.S. Treasury note pushing into the 5.3-5.35% resistance range.

Spina previously reported that the SLV short position rose by 8.35 percent, reaching 30.12 million shares and accounting for 5.51 percent of total shares outstanding, according to recent data. He also noted Leonardo DiCaprio’s support for opposition to Belo Sun Mining's $300 million gold project in Pará, Brazil, as covered in a separate report. His recent observations continue a focus on both market activity and developments affecting precious metals.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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