A Weaker U.S. Dollar Is Pushing Precious Metals Higher

A Weaker U.S. Dollar Is Pushing Precious Metals Higher

GOLD

The recent formula has been a weaker U.S. Dollar equals stronger precious metals. Today, Gold reached a high of $1,790 per ounce before seeing light selling. At 11am PT today, Gold is up $15 per ounce, trading at $1,789 on normal volume.

SILVER

Silver continues to be the precious metal superstar, as we see more and more reports of increasing inflation around the globe. Silver reached a high of $24.50 per ounce today on average volume, that’s up $1.20 in just two days. Remember, $25 is the major long term resistance number. At 11am PT today, Silver is trading at $24.48 per ounce, up $0.62 on average volume.

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