Gold And Silver Reach Record 2022 High Prices, Then Sell Off

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	Silver Bull’s Eye $25.00 As Ukraine/Russia War Extends
	Ukraine – Russia war continuation increased appetite for precious metals, like silver and gold . . . . Christian Borjon Valencia
	Gold Will Soar As China Seeks US Dollar Alternatives
	‘Nuclear’ sanctions on Russia threaten long-term dollar dominance as China has more geopolitical incentive . . . . David P. Goldman
	Gold And Silver Prices Rally In February
	Most precious metals advanced on the first day of the new trading week . . . . CoinNews.net
	Goldman Sachs Expecting Price Hikes For Russian Commodities Such as Oil and Gold
	Goldman Sachs has raised its price forecast for gold and other commodities amid the turmoil in Ukraine . . . . Charleston Lim
	Silver Institute February 2022 Update
	Total global silver demand is expected to reach an all-time high of 1.112 billion ounces (Boz) in 2022 driven mainly by . . . . The Silver Institute

Last week the Gold price traded between $1,892 and $1,974 per ounce as news about the Russian/Ukraine war, new Russian sanctions and energy prices were released. Gold closed last Friday at $1,965 per ounce, up $79 for the week. Heavy global demand for many of the popular Gold investment coins is proof that Gold is the best safe-haven investment, and more investors are getting on-board.

The price of crude oil has moved from $75 at the beginning of this year to over $130 per barrel today, a 73% increase in a little over two months. That sharp increase will directly affect the price of gasoline and home/office energy bills. Indirectly, it will affect the price of everything else from food to staples that need to be delivered by truck. The world inflation numbers are definitely going to see a sizeable increase over the next few months, which will lead to higher prices for precious metals.

Last night, during Asian trading, Gold reached a high of $2,005 per ounce, before seeing light short-term profit-taking. This is only the first attempt to break $2,000 in 2022 and more are definitely coming. Based on the next round of inflation numbers, $2,000 per ounce for Gold looks like a real bargain.

Today: In overnight trading the Gold price ranged from $1,961 to $2,005 per ounce, as Ukraine news was released. Based on whether there is a united Russian oil boycott, the price of oil traded between $115 and $130 per barrel today. This morning, the equity markets continue to move lower, while Gold is seeing higher prices.

Last week, as the oil price started moving up at an extraordinary pace, it became apparent that serious inflation is coming, and the Silver price reacted to it. The Silver price increased $1.79 per ounce (7.5%) closing at $25.78 per ounce on Friday. As Gold continues to move over $2,000 per ounce, Silver should show a higher percentage increase, reaching $30 within the next six months. Right now, the Silver-to-Gold ratio is still at an unbelievable high level of 76.75-to-1, but going lower.

Today: When Gold traded over $2,000 last night, the price of Silver reached a high of $26.15 per ounce. Silver quickly sold off when Gold moved below $1,990 per ounce, reaching a low last night of $25.26 on heavy trading volume. Issues that directly affect serious inflation are causing high volatility in the Silver price.