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ArcaneCollector
ArcaneCollector
Posts : 172
Join date : 2022-06-02
Location : Northamptonshire

Spikes in prices Empty Spikes in prices

Tue Aug 23, 2022 6:04 pm
Hi all

I often see spikes in the gold or silver price where the prices goes up drastically and then drop just as quickly. Can anyone shed light on why this happens?
Spikes in prices Ad2f9e10

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Admin
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Spikes in prices Empty Re: Spikes in prices

Wed Aug 24, 2022 10:35 am
ArcaneCollector wrote:Hi all

I often see spikes in the gold or silver price where the prices goes up drastically and then drop just as quickly. Can anyone shed light on why this happens?
Spikes in prices Ad2f9e10


I don't find that too drastic, it is Gold and a £5  difference is not a big issue.  It happens but not a lot. 

I suspect it was due to Automatic Trading. Hence the plummet again. I use trading calls on some of my investments. 

I put in the amount I want to buy and when to sell. Set the prices and leave it alone. I even put in how many units I want to buy or sell. 

So I think in a 24 hour scan, it was most likely online calls.

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