Charts: www.kitco.com

Friday is typically the day of the week when banksters sell a very large number of paper gold and silver futures contacts on the market in order to suppress prices. Until a few days ago, safe haven buyers were steadily pushing gold and silver prices higher, partly in response to the Coronavirus scare. Now, all of the sudden, they are tanking along with equities. Go figure...

Read what Kitco has to say about today's selloff in gold and silver prices.

Why gold, silver prices seeing pressure amid global equities meltdown
Jim Wyckoff | Kitco
Friday February 28, 2020 08:12

[snip]

(Kitco News) - Gold and silver prices are posting solid losses in early U.S. futures trading Friday. The safe-haven metals bulls are confounded their markets cannot catch a bid amid the very keen risk aversion in the marketplace that sees world stock and financial markets in turmoil. There is an old saying in trading markets that when times get really dire and anxiety is high, you don't sell what you want, you sell what you can. Such is likely part of the reason safe-haven gold has seen downside price pressure this week.