The ZEMA graph shows gold and silver daily prices as traded on CME in December 2015 – February 2016. The orange line represents COMEX 100 Gold (USC/toz), the blue line represents COMEX 5000 Silver (USC/toz), the yellow line represents the gold 7-day moving average, and the light blue line represents the silver 7-day moving average.
After an extended fall, the both precious metals got back in fashion with the beginning of year 2016. Moving in the opposite direction from all other commodities, gold and silver could be an indicator of the investor concerns over the global markets with wobbling stock markets.
Data Sources: CME