Gold & silver prices are by definition influenced by a multiplicity of diverse and very distinctive factors, and unless you're an expert you will be about as effective in your investing strategy as an ashtray would be of use on a motorcycle. External economic data, bullion bar or coin investment, mining operations and yield combined with the daily market spot price can all affect the price. Even the spot price of oil can have an effect on the price of gold as it leaves the mining operations.
Without understanding how these factors can affect the daily fluctuating price of gold and silver your investment strategy can only at best under perform. Even the experts will tell their clients that anything can affect the gold market, just as anything can affect the stock market. You have been warned, you're probably not an expert so seek wise counsel before taking those first steps into precious metals investing.
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