Spikes in prices

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?

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?

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.