Silver has dropped off significantly. The dollar dropped again during yesterday’s trading session and this action can often support safe haven precious metal trading. Gold and silver contract price per ounce trends were not pushed higher however. Precious metal contracts ended the day with mixed floor price results. Gold and silver went red. Platinum and copper went green. End of day close for July contract copper was green by .20 percent at 4.00 per pound. Close value for July Platinum was green by .06 percent on the day and closed at 1761 per troy ounce. July contract silver went lower by 1.88 percent to finished the session at 33.49 per troy ounce. June contract gold went lower by .71 percent and closed the session at 1480 per troy ounce. Gold and silver have been pushed lower as of late due to the struggling euro. In addition to these worries, investors are now concerned with why a major sell-off occurred in gold yesterday. Gold was pressured specifically by the huge reductive action taken by George Soros today. Soros reduced his holdings in the SPDR Gold Shares and NovaGold. The headlines spread quickly regarding the mass selling of shares and this pressured gold and silver price per ounce trends. During the interval between last session close and today’s session open, spot gold and spot silver price trends were mixed. Spot silver was posting higher and spot gold was still in the red. Spot silver price per kilo was higher by 1.38 at 1098.66 and spot silver per ounce was green by .04 at 34.17. Spot gold per gram was red by .10 at 47.82 and spot gold per kilo was red by 99.67 at 47817.81.Q

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