The ZEMA graph shows gold and silver daily prices as traded on CME in November – December 2015. The orange line represents COMEX 100 Gold (USC/toz), the blue line represents COMEX 5000 Silver (USC), the yellow line represents the gold 7-day moving average, and the green line represents the silver 7-day moving average.
The both metals remained very volatile during the last two months following the overall downward trend. Facing some of the most bearish times ever (similar to the oil markets), gold and silver are underperforming most commodities.
Data Sources: CME