SILVER SHINED WITH 35 MT VOLUME AT BORSA ISTANBUL
FEB 01 – FEB 08 / 2021 https://www.goldtakas.com/en  

Last week, a group of investors started a campaign to buy silver on social media. The campaign’s purpose was to push the funds hard. These campaigns have had a positive impact on the silver side, but bears immediately dominated market to see their profits. At the same time, gold was affected by the selling wave. USA 10-year bonds and strength in the dollar index also put pressure on gold.

Gold watched a falling course during the week. Gold price recorded its highest level at 1861,80 usd/oz level at Borsa Istanbul. Despite this, gold completed the week at 1804 usd/oz level. According to the last week, gold lost almost 3,3% value. Gold transaction volume was quite low as 6 MT at Borsa. Compared to Borsa Istanbul, the closing was 1814,03 usd/oz level at international markets.

Silver started to week by rising but was thwarted by selling pressure. While  the highest price was recorded as 29 usd/oz, during the week it rolled down until 26,35 usd/oz level at Borsa Istanbul. The closing was at 26,72 usd/oz level that means 0,9% value according to last week. Silver trading volume was pretty good as over 35 MT at Borsa.

On Monday morning session, Borsa İstanbul started the week with a low transaction volume. There are sellers up to 2 usd/oz. LBMA good delivery bars are being trading at Borsa Istanbul. If you want to trade, you can easily do via Goldtakas. You can reach us +90 212 465 6570 for information.