Silver and The Gold Standard

Silver Investing News reports silver prices took a dip on Tuesday.

The markets reacted well to the U.S. government’s plan to purge toxic assets from the banks, which lent strength to hopes such actions will revive lending and boost the economy.

The dip in precious metals prices came as no surprise to analysts who are aware that volatility is still a primary component of this market climate right now. “Gold prices will face pressure from the stock market’s favorable reception of the Treasury’s plan to remove toxic assets from banks’ balance sheets,” said MF Global Ltd. analyst Tom Pawlicki. “The strength could cause timid investment in gold to flow toward equities.”

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