Silver went up as well. Look at the dollar. It went way down today, as did the 10-year bond yield. Dollar goes down in value (inflationary) gold and silver go up. The spike in the markets happened at exactly two o’clock when the fed announced their interest rate plans. Prior to 2:00 most gold stocks were flat are down slightly. Look at the charts of the dollar, the DJIA, the 10-year, and gold prices. You can see it clearly.
Here is the gold chart:
https://tradingeconomics.com/commodity/gold
Here is the dollar chart (DXY):
https://tradingeconomics.com/united-states/currency
The 10-year bond yield:
https://tradingeconomics.com/united-states/government-bond-yield
2:00 p.m. FED announcement:
https://tradingeconomics.com/united-states/interest-rate
I’ve said it before, and I’ll say it again:
Forget gold and silver. Your greatest profits will be realized in lead and brass. Not a joke. Value of ammunition metals has risen far more %-wise than the “precious metals”, and you don’t pay some dealer a commission when buying or selling.