Recent Market Trends for Gold and Silver – Ask the Gold Buyer Fort Lauderdale – Trying to decide when it’s the best time to sell your old or unwanted jewelry? If you own gold or silver, there’s no better time than now. Gold and silver have always been solid investments as both precious metals have held their value over time. However, forecasters predict an upswing in gold and silver prices in the upcoming year. There are various factors that can influence the prices of precious metal, such as inflation, economic trends, and supply and demand. Here’s a peek at some of the recent market trends for gold and silver.
Market Trends for Gold
Due to being a higher quality of metal, gold is always going to be more valuable than silver. However, you may notice variations in price based on the condition and purity of the metal. When selling your gold jewelry, the karat of the piece is used to measure its value. For example, 18k gold is 75 percent pure, while 10k gold is 42 percent pure. At this time, experts say to watch out for a bull market in the gold industry. Due to federal limit of interest rate hikes, you can expect an increase in gold prices.
Market Trends for Silver
Silver prices fluctuate from day to day, which can make it difficult to determine if you’ll receive the return you’re looking for from your silver jewelry. Silver is also softer than gold and is more prone to tarnish, which gives it a lower value than gold. While the outlook for gold is good, most experts believe that silver is currently undervalued. However, you may see the price of silver increasing in the upcoming year due to lower interest rates and a peaking stock market performance.
If you plan on selling your old jewelry, you may be wondering just how much its worth. Stay up to date on recent market trends for gold and silver to see where you stand.