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Latest News

UK Election

Wednesday, June 14, 2017

Despite the uncertainty caused by the lack of a workable majority gained by the Conservative party in the General Election, metal prices have remained static. The weakening pound and safe haven status could have resulted in a post-Brexit type price rise for metals, but no-one was stirred by the news and it remains business as usual with prices in the summer doldrums.

General Election Announcement

Tuesday, April 18, 2017

Theresa May's announcement today of a snap general election, gave the pound a 2.2% boost in value to a recent high of £1.00 to $1.28. Consequently the value of gold and silver measured in US$ fell by a similar ratio, with silver ending the day 40p/oz lower at £14.20/oz.

US Fed Raises Interest

Wednesday, March 15, 2017

The much anticipated announcement by the US Federal Reserve to increase interest rates saw an immediate rise in gold and silver prices this afternoon, reversing the slow downward trend of both. Silver returned to a buoyant £14+/oz.

2016 Silver Price Analysis

Monday, January 2, 2017

It has been a year of two halves for the silver metal price – pre and post Brexit. During the first 6 months of the year the price of silver steadily rose from the year low of £9.49/oz on January 28th due to the insecurity surrounding the Brexit vote. However as the date of the referendum approached on June 23rd, prices began to fall as the financial markets confidently predicted a “No” vote.
As June 24th dawned and a “Yes” vote was announced, the markets went crazy for safe-haven gold, the pound fell in value against the US dollar and silver prices rose sharply on the back of both. The year’s peak price was £15.78/oz on July 11th and prices stayed at this high level for the next month.
Pundits predicted that prices would rise sharply again on the back of the Trump victory in November’s US presidential election, but the markets quickly re-adjusted from fear to positivity and so safe-haven metals dropped another notch with silver ending the year around the £13/oz ($16/oz) level.


Trump’s Hump Bullion Bounce

Friday, November 11, 2016

The effect of Donald Trump becoming US President saw a sudden rise and fall (so called Trump Hump) in metal prices and what began as a 5% gain ended the week as a significant fall. The main culprit behind the significant fall for the UK metal markets was the strengthening Pound versus the US Dollar – silver fell by £1/oz in just a few hours on Friday afternoon.