Amplify Junior Silver Miners ETF

SILJ

Market cap $3.14B

The rally in the oil markets did not put pressure on gold markets.

Spot gold prices are slightly higher and spot silver prices are weaker ahead of the North American market open Friday, as traders weighed this week's softer inflation data against resilient U.S. economic readings, firm Treasury yields and renewed Strait of Hormuz risk.

Gold and silver remain under pressure as rising oil prices, higher Treasury yields, and a stronger US dollar increase the risk of further declines toward key support levels.

Silver and platinum found themselves under strong pressure in today's trading session.

Spot gold and silver prices are sharply lower ahead of the North American market open Thursday, as firmer Treasury yields, a steadier U.S. dollar and renewed Strait of Hormuz risk outweighed support from this week's softer inflation data

Central banks continue accumulating gold while traders await U.S. retail sales. See whether gold can hold $4,020 and silver defend $57.15.

Spot gold prices are modestly higher and spot silver prices are lower in late-afternoon U.S. trading Wednesday, as softer U.S. consumer- and producer-price reports pressured Treasury yields and the U.S. dollar, while renewed Strait of Hormuz tension kept crude oil prices elevated

Platinum gained strong upside momentum, supported by falling oil prices and lower Treasury yields.

Silver enjoys a unique combination of ongoing supply deficits, rising industrial and monetary demand, and tight physical market conditions, which offer multiple vectors for prices to appreciate, according to Paul Wong, managing partner and market strategist at Sprott Inc.In a recent analysis of the precious metals market, Wong noted that silver prices recorded their largest monthly decline since September 2011 in June.

Central bank gold buying remains strong as Fed uncertainty and Middle East tensions shape gold and silver. See key technical levels for XAUUSD and XAGUSD.