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Gold Silver Historical Charts2

May 26, 2009 – Today it seems like both safe haven metals are taking a small step backward after seeing moderate gains last week, and I would like to take the time to explain how gold and silver historical charts work and why they may benefit both short-term profit-seeking and long-term preservation seeking investors. Tracking gold and silver historical charts is very important because it allows you to visually analyze trends that occurred during different times depending on the economic scenario. For example, if you wanted to know how inflation affects gold and silver spot prices, you could check the gold and silver historical charts between 1970 and 1980 when inflation was running rampant in the United States and gold in particular increased in value more than 1000%. Similar market movement could occur in the next few years if inflation continues growing at its frightening speed. Properly analyzing and tracking spot prices and historical charts is a very important tactic when investing in safe haven precious metals.

By around 5:15 PM Eastern Standard Time, the United States Dollar along with global stock markets are strengthening slightly, and this is causing reduced safe haven demand for precious metals, still gold sits at around $952.10 per ounce, down $4.40 for the trading day while silver sits at around $14.61 per ounce, down eight cents for the trading day. The latest market projections for both metals are saying that investors may witness further gains before the end of the week as long as safe haven demand begins to pick up as a direct result of both inflationary pressures and speculation that the economy will worsen.

Shannon King

Senior Staff Writer – GoldSilver.org

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