2025 Starts With A Strong Gold/Silver Rally

GOLD

The U.S. Labor Department reported today that the last weeks' unemployment numbers fell by 211,000 jobs. This news plus strong buying in Europe in the face of the U.S. Dollar Index rising above 109 is surprising. Gold reached a high of $2,661 before seeing short-term profit taking.

At 11am PT today, Gold is up $30 per ounce, trading at $2,655 on excellent volume.

SILVER

Silver followed Gold higher, reaching a high of $29.65 before finding sellers. Silver needs to get back above $29.50 to build a strong base for the next attempt to break the $30 resistance level.

At 11am PT today, Silver is trading at $29.42 per ounce, up $0.58 on good volume.