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NEW YORK, Make Money - silver prices still in free fall. In fact,the biggest decline since January. While gold prices continue toprint a new record.
Last night, the contract price of silver for July delivery on the Comex in New York fell U.S. $ 2.515, or 5.2 percent, so perchedon the position of 46.084 U.S. dollars per troy ounce at 13:52 New York time. This is the biggest drop since 4 January. Previously, thesame contract had plummeted by 13 percent.
Meanwhile, the contract price of gold for June delivery on theComex division of New York rose 70 cents to 1557.10 U.S. dollarsper troy ounce. In the past year, the price of gold has increased by32 percent.
"The increase in silver prices are not controlled. It only takes a littletime until finally declining," said Matt Zeman, strategist KingviewsFinancial in Chicago.
According to McGhee of Integrated Brokerage, gold prices still will progress rapidly. "Investors prefer gold because silver prices havefallen too deep," said McGhee. (Barratut Taqiyyah / Cash)
source: Kompas.com
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