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Silver Prices Climb as Gold Falls

George Gero, senior vice president at RBC Capital Markets, says that commodities "could see sell stops later in the day in general as dollar picks up a little," meaning that traders are forced to sell as gold, for example, if it breaks below a certain level.

Although some experts think that investors will be reluctant to truly abandon large gold positions as a rally to $1,500 is still waiting in the wings. "Ongoing concerns of EU debt, low interest rates and ongoing inflation concern are bullish longer-term [for gold and silver] with dips to be viewed as a buying opportunity," says James Moore, research analyst at FastMarkets.

Gold mining stocks, a risky but potentially more profitable way to buy gold, closed mostly lower Monday. Barrick Gold (ABX - Get Report) lost 3% to $52.70 while Newmont Mining (NEM - Get Report) was down 2.3% to $56.61.

Other gold stocks, Randgold Resources (GOLD - Get Report) and AngloGold Ashanti (AU - Get Report) were down between 2% and 4% to $85.33 and $48.89, respectively.


More on Gold
Gold Price News
How to Invest in Gold

-- Written by Alix Steel in New York.

>To contact the writer of this article, click here: Alix Steel.

>To follow the writer on Twitter, go to http://twitter.com/adsteel.

>To submit a news tip, send an email to: tips@thestreet.com.
Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.
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