Welcome to our precious metals charts page. Below you will have access to live gold, silver, platinum, and Palladium prices, as well as historical price charts. By clicking either the gold, silver, or platinum link below, you will see interactive charts that let you plug in custom date ranges and specifications for each metal. You will also have access to current spot prices on these pages. Be sure to check them out below, or read on as we explain more about how investors use these charts, and different strategies you can use while following gold price and silver price movements.
When looking at gold and silver price charts, the most important thing to keep in mind is what timeframe you are observing. Some common ranges are the 24 hour, 1 week, 1 month, 3 month, 6 month, 1 year, 5 year, and 10 year timeframes.
If you are looking at the trend of prices based on a 24 hour or 7 day chart, it is important to keep in mind that the movements you see are likely short term variance caused by one-off events, and may not be at all indicative of the longer term trend. For example, throughout 2012 the prices of gold and silver traded sideways, with both metals finishing in the same general range at which they started the year.
However, throughout the year there were several days and weeks where both metals swung several percentage points, so if you had seen the data chart for only that day or week, you may have a skewed long-term view of the general price trend. When analyzing metals price charts, we always recommend consulting both the shorter-term and longer-term price movements to get the best feel for the trend.
Technical Analysis
Although most physical metal investors are investing for the long term, there are also plenty of investors who are analyzing gold and silver price charts to make much shorter term plays. This lot of investors uses various analysis tools, calculators, and simply feel to guess as to which way gold and silver prices may move over the next day or two, based on the past day or two’s movements.
We never recommend this form of trading, as it is always nearly impossible to time the market, plus short-term, high frequency trading tends to eat up your investment with commissions as you buy and sell. Short-term traders should proceed with caution and make sure they are trading money they can afford to lose.
Dollar Cost Averaging
In our opinion, the best way to invest in physical gold and silver is by making consistent investments at regular intervals over the long-term, otherwise known as dollar cost averaging. By making investments at regular intervals, regardless of where prices move, you ensure that you average in fair pricing as opposed to trying to take advantage of day-to-day swings.
History has taught us that it is nearly impossible to time the markets, so by dollar cost averaging your gold and silver prices you put yourself in great position to protect your investments in the long run.
