Has the long crawl back begun? It depends on what you consider to be the goal post. As much as most collectors don’t like to associate the spot price of precious metals with that of collectible coins, the fact is coins and metals often follow closely in tandem. Right now, the spot price of gold continues to trade in a very tight range that comes near but fails to challenge the $1,300 an ounce resistance level, while silver surpassed $15 an ounce several weeks ago and has continued to hold its ground ever since