Precious metals markets are extending their losing streak as the U.S. dollar pushes higher. The Dollar Index rose for a fifth straight week through Th
Although the downward momentum in metals markets has been fairly steady for over a month, the total amount of price retracement has been modest. Volatility in gold and silver markets has actually been coming down.gets compressed, that tends to precede a big move – often in the opposite direction of the prevailing trend, which has been down.
Manufacturers of food and other consumer goods are trying to disguise some of the price hikes they are passing along. In a phenomenon known as “shrinkflation,” the sizes and portions of various packaged items ranging from rolls of paper towels to bags of potato chips are getting smaller. Savvy shoppers know that price isn’t the same thing as value. What matters is the cost per ounce of a box of cereal or bottle of detergent. The best value is usually found in larger sized products.
And sometimes buyers find utility in fractional sized items or aesthetic value in coins that arrive in mint condition. A Walking Liberty Silver Round meanwhile, produced by Money Metals Exchange, has the same .999 purity as a Silver Eagle. If they were both melted down, they would have exactly the same physical properties and be worth exactly the same amount.
Premiums on other common silver bullion products are currently minimal. With spot prices down as well, bargain hunters are finding great value in physical bullion.
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