At 12PM (CST) the APMEX precious metals prices were:
Gold price – $1,415.60
Silver price – $29.76
Platinum price - $1,715.10
Palladium price - $751.10
COMMENTARY: Silver spot price reaches $30.00 for the first time since early 1980. The United States economy may have avoided a “double-dip” recession as the S&P 500 rebounds by 20% since July. Still, this rollercoaster ride has many savvy investors buying precious metals. Silver seems to be the most popular at the moment due in large part to the proportionately low spot price. At around $30 per ounce, many first-time investors can buy substantial quantities with a smaller commitment.
Gold price is up $9.50 – Silver spot price is up $0.49 – Platinum price is down $14.40 – Palladium spot price is down $19.00
APMEX’s ‘News and Commentaries’ provide our readers with a review of spot price activity and some of the factors that may be affecting the market for precious metals, three times during the trading day. While the information is obtained from sources we believe to be reliable, we do not guarantee its accuracy or its completeness and we encourage you to conduct your own investigation prior to making any decision based on the information. The "News and Commentaries" are not intended as a comprehensive discussion and there may be other factors that may be affecting the financial marketplace. These "News and Commentaries" are provided for informational purposes only and do not constitute a recommendation by APMEX to hold, to purchase or to sell any precious metal product. All orders, all purchases and all sales, if any, are subject to the terms of the User Agreement and other applicable policies.