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PM Trading Day End?

BAJJERFANBAJJERFAN Posts: 31,083 ✭✭✭✭✭
in Precious Metals
Does the current day's spot pricing end at midnight CDT or some other time?
theknowitalltroll;

Comments

  • vprvpr Posts: 606 ✭✭✭
    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.
  • 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.

  • BAJJERFANBAJJERFAN Posts: 31,083 ✭✭✭✭✭
    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;
  • vprvpr Posts: 606 ✭✭✭
    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.
  • PerryHallPerryHall Posts: 46,154 ✭✭✭✭✭


    << <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

  • derrybderryb Posts: 36,837 ✭✭✭✭✭
    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

    Natural forces of supply and demand are the best regulators on earth.

  • BAJJERFANBAJJERFAN Posts: 31,083 ✭✭✭✭✭
    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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