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PM Trading Day End?

BAJJERFANBAJJERFAN Posts: 31,673 ✭✭✭✭✭
in Precious Metals
Does the current day's spot pricing end at midnight CDT or some other time?
theknowitalltroll;

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    vprvpr Posts: 632 ✭✭✭
    Spot trading is open 24 hours a day, 5 days a week. The current trading day ends at 5pm NY time, although trading never stops.
    References: Too many to list. PM for details. 100% satisfaction both as buyer and seller. As a seller, I ship promptly and keep buyers updated.
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    mrpaseomrpaseo Posts: 4,753 ✭✭✭
    Yup, go to kitco.com and the all metals tab. We punt the market over seas for a few hours while we sleep.

    For example, the market is open right now and Silver and Gold is down.

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    BAJJERFANBAJJERFAN Posts: 31,673 ✭✭✭✭✭
    The current spot price change of -$32.66 looks to be a continuation of Friday's decline. I expect it will reset to $0 after midnight.
    theknowitalltroll;
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    vprvpr Posts: 632 ✭✭✭
    Different website will use different times to reset. But the international standard is 5pm NY.
    References: Too many to list. PM for details. 100% satisfaction both as buyer and seller. As a seller, I ship promptly and keep buyers updated.
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    PerryHallPerryHall Posts: 47,792 ✭✭✭✭✭


    << <i>Spot trading is open 24 hours a day, 5 days a week. The current trading day ends at 5pm NY time, although trading never stops. >>



    Actually, it ends 5:15 pm EDST time and opens again at 6:00 pm EDST when the markets open in Asia where it's morning the next day.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

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    derrybderryb Posts: 38,623 ✭✭✭✭✭
    Many metal participants use the London Bullion Market Association's twice a day price fix (no pun intended), the AM and the PM.

    How it works

    "Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong

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    BAJJERFANBAJJERFAN Posts: 31,673 ✭✭✭✭✭
    FWIW I use the pricing on the bulliondirect site and they stop updating at 5 pm my time on Friday afternoon and resume around midnight on Sunday.

    As of this time they are showing it as a continuation of Friday pricing at -$17 whereas JMbullion shows it as +$14 from the most current close.
    theknowitalltroll;
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