Most consumers in top Asian hubs sold their physical gold holdings this week to cash in on high prices with many opting for cheaper silver, while the Indian bullion market hoped for an uptick in demand from an upcoming festival.
Global benchmark spot gold prices were on course for a fourth straight monthly rise on uncertainties surrounding U.S.-China trade and the global economy.
Silver, meanwhile, rose above $18 an ounce for the first time in nearly two years.
Silver has surged 12% this month and touched a two-year high on Wednesday. The metal is benefiting as concerns over the global economic outlook bolster demand for haven assets, sending sister-metal gold to the highest since 2013.
SILVER LONG (Buy)
Enter at: 18.3