March 30, 2020 – All precious metals prices rallied sharply last week, but silver and platinum have given back some of those gains this morning.

Congress is attempting to address COVID-19 related economic hardships with massive amounts of inflation.

The House and Senate just passed, and Trump signed, legislation to deliver more than $2 trillion in fiscal stimulus.

And, not to be outdone, the Federal Reserve announced another $4 trillion in monetary stimulus.

After three weeks of doubling down with more and more outlandish policies (and failing), central bankers finally got a mildly positive response from the markets last week.

Yet the equity markets fell sharply again on Friday. Investors may still be looking for opportunities to sell the rally.

For precious metals, the writing was on the wall in currency markets. The U.S. dollar got clubbed hard in foreign exchange markets.

The weakening dollar, and the near certainty of even more stimulus to come, had speculators jumping into gold and silver futures. Silver prices gained more than 15% and gold ended the weak nearly 10% higher.



Check out live precious metals prices here:
https://goo.gl/gy5XMA