With Iran and Israel going at it...I am wondering how the spot metals move during off hours?? Any good (real) links that would show me what is going on... PS I went to the local coin dealers the other day. Just helping a friend look for some junk silver coins. One dealer said he had someone coming into buy $50,000. worth of his junk silver the next day. Don't know if it happened or not...
As far as I know there are zero ways to know the accurate current spot prices of precious metals on WEEKENDS. If there is anything obscure out there these days, it would be incredibly subjective with the international financial world basically shut down for well over 40 hours. The financial markets of all types take a weekend break, except for crypto currencies, which trade around the clock including weekends. Actually, that is one attraction for some to crypto. As you likely know Bitcoin crashed several thousand in a heartbeat yesterday due to the Iranian attack. The prices you see on the links posted above are as of the close of spot trading Friday. Undoubtedly when a variety of spot markets open this evening, there will be some volatility!
Simply go to the goldsmith and silversmith shop right now. It is still open. You will get the most up-to-date spot price. If you want to know the gold and silver futures price, you have to wait for 12 hours.
In my city we have an exceptionally high-quality and very trusted gold and silver bullion/coin dealer. Years ago they stopped even being open on weekends, period, due to the fact that there was no accurate way to know the critically important current worldwide spot price of precious metals, and they might regret their sale. With their integrity they also wished to protect their customers from this lack of price clarity. NO, you will not be limited to just the futures price in 12 hours. Actually, a variety of SPOT markets open up in Asia just hours from now, so you can then know both the spot AND futures price later on today. Here is a market clock site for gold spot and futures trading hours worldwide: https://www.usagold.com/cpmforum/goldtradinghours/
None of these weekend "gold" markets are accurate. The price of gold on the weekend is simply undefined, your best bet is to wait until futures open. Here's one that spiked to 3k when the attack was initiated but is +2.5% at time of writing: https://coinmarketcap.com/currencies/pax-gold/ Pretty safe to say gold is not going to open at 3k come Monday.
The peak might end up being right when we got the reports the attack was imminent on Friday. GC lost quite a bit in the afternoon on Friday. It is really a good example of what makes trading hard in that the market isn't going to wait for the event to happen and then price the event. The response from Israel though is why I don't think you can short here but if they de-escalate by not responding with a large show of force then gold/silver is going to get hammered.
The price on the website (for silver) has stayed the same for over one day!! No movement, and it's the lowest price for that day. Plus they try and sell you silver and gold coins. I'm sure when I call they will ask if I want to buy or sell. They will adjust accordingly...""oh, the price has dropped (selling)", or "haven't you seen the news...The price is way up (buying)"!! It just looks bias to me...
one way if you like some price in China market when US is in off hours Sunday, China futures and bank spot gold market is open, as in different time zone. so you can see some gold price in RMB in bank spot market 贵金属_理财e站_中国农业银行 (abchina.com.cn) SHFE Delayed Quotes (shfe.com.cn)
Japan OSE exchange gold futures is even earlier Commodity Futures Quotes(OSE) (Whole Day) | Japan Exchange Group (market-info.jp)