Coronavirus Still Dominates The Financial News

GOLD

Concerns over the negative effects that the coronavirus is having on the world’s economies still dominates the financial news. Equity markets are trading lower, while Gold continues to hold above the key $1,700 per ounce support level. At 11am PT today, Gold is trading at $1,718 per ounce, up $17 on excellent volume.

SILVER

Silver reached a low of $15.25 per ounce before finding buyers. The strong Gold price is also a contributing force for Silver, as it now stays above the $15.50 level. At 11am PT today, Silver is down $0.10, trading at $15.47 per ounce on good volume.