10-Year Treasuries Drop Below 3% On Global Recession Concerns

GOLD

The 10-Year Treasuries broke down below 3% this morning, based on concerns of a global recession coming by year-end. Tomorrow’s CPI Inflation index could have a directional effect on many of the financial markets, including precious metals. At 11am PT today, Gold is down $10 per ounce, trading at $1846 on average volume.

SILVER

Silver reached a new 2022 low of $21.37 per ounce this morning as the precious metal climate remains weak. Silver at this current price is an extraordinary value and I would recommend adding to your holdings. At 11am PT today, Silver is trading at $21.60 per ounce, down $0.25 on normal volume.